Resale price index (Base: Jan 2009) SRX property. [SINGAPORE] Resale prices for Housing Board flats increased in the third quarter of this year, with the resale price index reaching 133.7, said the Housing and Development Board (HDB) on Thursday. However, due to high supply of flats completed in 2014-2017 that enter on resale market since 2019, prices are likely to drop more in the coming years. What is included in our 3 room renovation packages? Number of resale applications registered by flat type, by quarter. Previous article The student’s guide to renting in Singapore, as told by an international student. Facebook. These figures are based on resale flat transactions recorded for the quarter, and sorted by town and flat type. The index is based on quarterly average resale price by date of registration. The index from 1Q1990 to 3Q2014 are rebased to the new base period at 1Q2009. Twitter. Choa Chu Kang Featured Agent. This means that half of the flats transacted were purchased at amounts above the median price, and half of the flats were purchased at amounts below the median price. Completing the process has never been easier. Find out more about the streamlined resale process with the introduction of the new HDB Resale Portal. Ohmyhome has in-house tech capabilities that saves you both time and resources so that you can sell at the fastest speed with savings up to $18,000. resale of part shares, resale between related parties, cases under the Conversion Scheme, resale of terrace flats, converted flats, and HUDC flats. Whether you are buying, selling, or already living in an HDB flat, everything you need to know about residential properties is housed here. Prices have also increased across the board for all HDB resale flat types compared with a year ago. With HDB resale prices rising and a record number of 13 HDB resale flats selling for above $1 million in October 2020 even as Singapore grapples with the COVID-19 pandemic, one would think that HDB resale prices are recession-proof. This index can be used to compare the overall price movements of HDB resale flats. Data can also be found in HDB's Annual Reports under Key Statistics: http://www.hdb.gov.sg/cs/infoweb/about-us/news-and-publications/annual-reports. The median price is the fiftieth percentile amount of HDB resale flat purchases. HDB resale price increases last month compared with a year ago. The index till 3Q2014 was computed using stratification method, while that from 4Q2014 onwards is computed using the stratified hedonic regression method. Use our HDB Map Services to get past resale transacted prices for specific locations, for example, in a particular block or street. The data excluded transactions that may not accurately reflect the market price, i.e. The Data API can be accessed via the following actions of the CKAN action API. It is therefore timely to update the computation methodology of the RPI. Hence, median prices are not shown as they may not be representative. You can always use the HDB Map Services if you prefer a more interactive experience. The approximate floor area includes any recess area purchased, space adding item under HDB’s upgrading programmes, roof terrace, etc. Here are the notes and legends for the symbols used in the following tables: Resale median prices for registered resale applications from 2nd Quarter 2007 to 4th Quarter 2019, Total number of resale applications registered from 2007 to 2019, RPI for 1st Quarter 1990 to 3rd Quarter 2020. HDB resale prices rose by 0.8 per cent in September compared with August, a faster rate than the previous two months, and were 3.1 per cent higher year on year. You can submit an application, submit an online enquiry, or make an appointment with us. ). design, age, location, which has been transacted in the resale market has increased. These are the median resale prices by town and flat type for resale cases registered from 2nd quarter 2007 to 2nd quarter 2020. It is important to understand the resale procedures. The figures are rounded to the nearest hundred dollars. The following tables show the median resale prices by town and flat type for resale cases registered since 2007: (-) indicates no resale transactions in the quarter, Asterisks (" * ") refer to cases where there are less than 20 resale transactions in the quarter for the particular town and flat type. THE STRAITS TIMES Resale Flat Prices (Based on Registration Date), From Jan 2017 onwards, Resale Flat Prices (Based on Registration Date), From Jan 2015 to Dec 2016, Resale Flat Prices (Based on Registration Date), From Mar 2012 to Dec 2014, Resale Flat Prices (Based on Approval Date), 2000 - Feb 2012, Resale Flat Prices (Based on Approval Date), 1990 - 1999, Median Resale Prices for Registered Applications by Town and Flat Type, Number of Applications Registered for Resale and Rental Flats, Number of Resale Applications Registered by Flat Type, Quarterly, Housing Grants Awarded, by Type of Housing Grant. HDB Resale Price Index DOUBLED from 2007 to 2013, dropped slightly to 2015 then stabilized. Resale transacted prices. Note: Get the information you need for any business involving HDB homes, properties, commercial spaces, or land under our management. We have facilitated over 4,000 HDB resale transactions while helping our customers save at least $20 million in agent fees and commissions. The median resale prices by town and flat type for resale cases registered in the 3rd Quarter of 2020. The median price is the fiftieth percentile amount of HDB resale flat purchases. Here are the median resale prices by town and flat type for HDB Resale Flats transaction in Q3 2020. Find HDB Flats for sale on SRX.com.sg, Singapore's #1 Quality Property Portal. Taking the median price gives us a better representation of what the resale prices are actually like according to the town and flat type. Read more at straitstimes.com. Read about the details in the following sections. Here are some resources to help you plan your finances before your flat purchase. Mr Mak estimates that the HDB resale volume for 2020 could vary between 23,500 and 24,800 flats, surpassing the 23,714 flats transacted last year. 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