The number of million-dollar Housing Board flats resold hit an all-time high in June, nearing 100 units, while resale prices clocked record gains. Flash estimates from SRX and 99.co released on July 8 showed that HDB resale prices jumped 1.8 per cent in June, extending...
The number of million-dollar Housing Board flats resold hit an all-time high in June, nearing 100 units, while resale prices clocked record gains.
ERA Singapore head of research and market intelligence Wong Shanting noted that HDB’s June Build-to-Order launch diverted some demand away from the resale market, resulting in lower resale volumes. As BTO flats in these locations would be classified as Prime or Plus flats with a 10-year minimum occupation period , homebuyers who are not keen on the longer MOP would gravitate towards the resale market here, driving up prices.
“This trend may be more apparent among the upper-middle-income group who have experienced consistent wage growth, and may have the financial capacity to pay higher prices for attractive resale flats,” she said. Former private home owners returning to the HDB market after serving out their 15-month wait-out period could have also contributed to the increase in million-dollar flat transactions, Ms Wong added.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Record number of million-dollar HDB flats sold in June as resale prices climb 1.8%THE number of million-dollar Housing and Development Board (HDB) flats resold hit an all-time high in June, nearing 100 units, while resale prices clocked record gains. Flash estimates from SRX and 99.co released on Monday (July 8) showed that HDB resale prices jumped 1.8 per cent in June, extending gains for the ninth straight month.
Read more »
HDB offers almost 7,000 BTO flats in June sales launchApplication is open for 6,938 Build-To-Order (BTO) flats, according to the Housing Board in an announcement on June 19. From now to 11.59pm on June 26, applicants with a valid HDB Flat Eligibility can submit their application on the
Read more »
HDB resale prices up 1.8% MoM in JunepstrongYear-on-year, prices rose 7.3%./strong/p pHDB resale prices rose in June 2024 by 1.8% MoM and 7.3% YoY, data from 99.co and SRX showed./p pBased on the report, prices increased for mature (+2.6% MoM) and non-mature estates (+1.3% MoM)./p pPrices increased across all room types, led by 4 Room, whose prices rose 1.8% MoM.
Read more »
5-room HDB flat at City Vue @ Henderson sets record with $1.588m salepemHuttons expects over 700 million-dollar flats to transact this year. /em/p pA five-room HDB flat at City Vue Henderson has changed hands for a staggering $1.588m in June, making it the most expensive public housing unit to ever transact./p pThe transaction for the flat in Bukit Merah broke the previous record of a $1.
Read more »
June hottest on record, beating 2023 high: EU climate monitorPARIS: Last month was the hottest June on record across the globe, the European Union's climate monitor said Monday (Jul 8), capping half a year of wild and destructive weather from floods to heatwaves.
Read more »
Gutzy Asia barred from receiving financial benefit under PofmaThe directive will last for two years, from June 12 until June 11, 2026.
Read more »