Prices of HDB resale flats up a steeper 3.1% in Q2

SINGAPORE: Prices of HDB resale flats rose a steeper 3.1 per cent in the second quarter compared to the 1.6 per cent increase seen in the first quarter.

The number of transactions rose by about 6 per cent to some 6,600.

HDB's Resale Price Index rose to 180.3 points in the second quarter from 174.8 points a quarter ago.

Analysts believe this is due to a supply crunch of resale flats. They said this is partly brought on by policy measures to cool down the private property sector.

An example is the lower 60 per cent Loan-To-Value limit on housing loans for individuals with existing housing loans at the time of the new housing purchase.

More details at http://www.channelnewsasia.com

Source : MediaCorp Pte Ltd by Linette Lim

Comments

Post a Comment

Popular posts from this blog

New enhancements to HDB website e-services

Image
SINGAPORE: From Wednesday, flat buyers will be able to enquire about the transacted resale prices within a 500-metre radius from any existing HDB block or DBSS project. They can do this by specifying the HDB block or DBSS project, and a summary table on the range of transacted resale prices by flat type within a 500-metre-radius of the target property will be displayed. This will also include the range of floor areas and the number of resale transactions. Users can access this enhanced e-Service on the HDB InfoWEB at http://www.hdb.gov.sg/map from 10am on 12 October. Currently, the public can check for resale transactions made over the last one year via the Resale Flat Prices e-service or the Centralised Map Services enquiry facility. However, there is no enquiry facility for users to search using a distance criterion. With the latest enhancement, the HDB said the public will have better information on resale prices near the particular property they are interested
Read more

Singapore property developers cautious about market outlook

SINGAPORE : Property developers seem pessimistic about the outlook for Singapore's real estate market in 2012, with some analysts foreseeing a five to ten percent drop in property prices this year. But market watchers also say the strong interest in recent property launches could defy these forecasts and even lead to more cooling measures. Celebrations continue but property developers are still in the dark about the outlook for Singapore's property market in 2012. Mr Wong Heang Fine, President, Real Estate Developer's Association of Singapore, said: "We are cautious. On the market going forward, it all depends on how the global economy goes in the next eleven months. So it's really anybody's guess." URA data shows the rate of price increase for private residential properties moderating for the ninth consecutive quarter with rentals also tapering off.  More details at  http://www.channelnewsasia.com Source : MediaCorp Pte Ltd by Yvon
Read more

Condo Reviews : Trevista

As posted in www.h88.com.sg on 2 Sep 2009 by John H88.com.sg Condo Reviews Condo Review: Trevista Condo Review: Trevista About Trevista The Trevista is a 99-year leasehold, District 12 condo consisting of 590 units in three 39-storey blocks. Developed by NTUC Choice Homes, Trevista has a unit mix of studio, 1+1, 2, 2+1, 3 and 4 BR apartments. Expected to TOP in late 2012, this is Toa Payoh’s first condominium in more than a decade. In fact, Trevista is Toa Payoh’s third condo after Oleander Towers and Trellis Towers. This project comes with ‘full condo facilities’. Notable ones include a tennis court, a 50m lap pool and a rock climbing wall. Parking lots are underground. Unfortunately there are only about 590 lots available so your guests will have to find somewhere else to park. There’s a HDB MSCP right across the street in case they want to pay you a visit. Trevista is without doubt a mass market condo, with 590 units sharing a 50m lap pool and a single tennis court, this p
Read more