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Old 09-05-2014, 01:17 PM   #1966
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HDB resale volume improves in April, but prices little changed
PUBLISHED ON MAY 9, 2014 1:19 AM 1 0 0 0



BY JANICE HENG
THE Housing Board resale market became a little livelier last month, with 1,484 flats sold - 4.4 per cent up from March, and the most since last July.

But prices were flat, edging down 0.2 per cent after having recovered 0.3 per cent in March, according to Singapore Real Estate Exchange (SRX) flash figures yesterday.

Property experts and agents took a cautious view of the pickup in activity, noting that it was partly due to the end of the traditionally quiet festive period.

April's volume was also 14.4 per cent lower than a year ago.

But the experts added that transactions could keep rising.

"As prices continue to moderate, we expect more buyers coming back to the resale HDB market over the coming months," said ERA Realty key executive officer Eugene Lim.

Most property agents are less optimistic.

C&H Properties agent Lim C.M. said many buyers do call, but few end up buying. But Dennis Wee Realty agent Judy Tay has seen some buyers return.

One of them was civil servant Lee Chee Kwong, 47, who decided to buy now as prices seemed to be flat: "I didn't see much movement." He bought a four-roomer in Punggol East last month.

Agents and experts agree, saying that prices will fall a bit further before stabilising.

Last month's overall slide was due to prices of three-, four- and five-room flats falling 0.2 per cent, 0.8 per cent and 0.4 per cent respectively. But executive flat prices rose 1.2 per cent.

Cash-over-valuation figures have not been available since that cash premium was taken out of resale negotiations on March 10.

OrangeTee head of research and consultancy Christine Li expects prices to fall by 5 to 7 per cent over the whole year. ERA expects a 5 to 8 per cent fall.

Prices could be stable by as early as the third quarter, said R'ST Research director Ong Kah Seng.

In the rental market, in contrast, both prices and volumes are heading south. An estimated 1,653 flats were rented last month, down 3.8 per cent from March.

The median monthly rent stayed at $2,300 for the fifth straight month. But the SRX's new rental price index shows a 1.1 per cent fall from March.

Experts said rents and volumes would stay low as curbs on foreign workers mean lower lower rental demand. ERA expects rents to fall another 5 per cent this year.
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Old 01-10-2014, 07:08 PM   #1967
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HDB's estimate of third-quarter Resale Price Index drops 1.6 per cent
PUBLISHED ON OCT 1, 2014 11:38 AM


BY DAVID EE
SINGAPORE - The Housing Board released its flash estimate of the Resale Price Index (RPI) for the third quarter of this year on Wednesday. It was 192.5, a decline of 1.6 per cent over the previous quarter.

The RPI provides information on the general price movements in the resale public housing market. The transacted prices of individual flats can be found on the HDB's website.

The RPI for the full quarter and more detailed public housing data for the third quarter will be released on Oct 24.

In November, the HDB will offer about 4,290 Build-To-Order (BTO) flats in Sembawang, Sengkang, Tampines and Yishun. In addition, about 3,000 flats will be offered in a concurrent Sale of Balance Flats exercise.
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Old 01-10-2014, 07:09 PM   #1968
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Four-room flats in Kallang Whampoa most popular in September Build-to-Order launch
PUBLISHED ON SEP 30, 2014 5:42 PM

Four-room flats in the mature estate of Kallang Whampoa were the biggest draw in September's launch of new Housing Board flats, which ends at midnight on Tuesday. -- PHOTO: ST FILE

BY JANICE HENG
SINGAPORE - Four-room flats in the mature estate of Kallang Whampoa were the biggest draw in September's launch of new Housing Board flats, which ends at midnight on Tuesday.

At 5 pm on Tuesday, there were 3,642 applicants for 463 such Build-to-Order (BTO) units. Three-room flats and studio apartments in the same project saw 3.5 and 3.3 applicants per available unit respectively.

ERA Realty key executive officer Eugene Lim said the good response was expected. "The site's city fringe location, with riverfront facing and short walking distance to the Boon Keng MRT station are key reasons for its popularity," he said.

Mr Surya, 24, who declined to give his full name, was applying for a four-room flat in the area with his girlfriend. He said: "I feel it's closer to the central area. If you want to go anywhere, it's convenient." The technician was not put off by the stiff competition.

Flats in Bukit Batok, Hougang and Jurong West were also included in the BTO launch.

Apart from flats in Kallang Whampoa, the first-timer application rates were below 2.0, meaning most will get a chance to select a flat. "Going forward, it seems that the vast majority of first-timer demand has been largely satisfied, and as such the overall application rate may stabilise," said Mr Lim.

While two-room flats remain highly sought after by singles, demand for them also continues to cool. There were 11.1 singles chasing each two-room flat available to them, the lowest rate since they were able to buy new two-room flats in the July 2013 BTO.

The overall BTO application rate was 2.9, comparable to the rates for other launches this year, which range from 2.1 in the May BTO to 3.7 in the January one, including applications for studio apartments.

Some flat applicants could be waiting for the upcoming Sale of Balance Flats launch in November 2014, noted Mr Lim. "Also, many may be holding back to book the new flats at Tampines North that will be launched this November," he added.
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Old 14-04-2015, 07:36 AM   #1969
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Five-room flat at Pinnacle@Duxton goes for record $1.06m
PUBLISHED ON APR 13, 2015 9:43 PM 1619 184 0 0



Two five-room units at The Pinnacle@Duxton were sold for more than $1 million each in transactions completed this month, setting a new record. -- PHOTO: ST FILE


SINGAPORE - Resale prices for units at The Pinnacle@Duxton premium HDB project have set a new record, with two five-room units being sold for more than $1 million each in transactions completed this month.

One unit on the 28th to 30th floor was sold for $1.06m, while the other on the 46th to 48th floor fetched $1.05m, according the Housing Board website. The size of each unit is 107 sq m.

There were at least four other five-room units which were sold between $1m and $1.04m this year, according to Shin Min Daily News.

Four-room units are also popular, said the evening daily. At least six such units were each sold for $910,000 and above this year.


Units there are prized for their central location, and those on higher floors are known for their views, say property agents.

Transactions at The Pinnacle@Duxton have set new records after the first batch of owners fulfilled the five-year minimum occupation period in December last year and were allowed to sell their flats.

At the project's launch in 2004, new four-room flats were priced from $289,200 to $380,900, and five-roomers from $345,100 to $439,400.

As this is a unique, premium project, experts do not expect its sky-high prices to have much effect on the overall HDB resale market.
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Old 03-11-2017, 09:37 AM   #1970
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