This marked the first gain in resale prices since the third quarter of 2013.
Yes, you heard it right HDB resale price edge up in the last quarter of 2015 . Resale prices for Housing and Development Board (HDB) flats saw a 0.1 per cent increase in the three months to December.
Overall HDB resale prices for 2015 declined 1.6 per cent, the board said in a press release. This is in contrast to 2014, where prices fell by 6.2 per cent.
The latest data is largely in line with the flash estimates released by HDB in early January, according to a report in TODAY.
A total of 19,306 units changed hands last year, up by 11.5 per cent when compared to 2014. There were 4,992 resale transactions in the fourth quarter of 2015, up by 2 per cent from the third quarter. So, now we know a bit how HDB resale price edge up in the quarter of 2015.
“This increased price stability could be pointing to a new equilibrium, indicating that the market may have found its support level,” ERA’s Key Executive Officer Eugene Lim said.
He also noted that resale prices for some HDB flats hit record levels last year – a five-room unit at The Pinnacle@Duxton changed hands for $1.088 million.
Visit TODAY for the full report.
If you would like to compare the prices, we have provided the table below.
About 99.co
We are a property search engine with the overarching goal of building a more transparent and efficient property market. We are working towards that future by empowering people with the tools and information needed to find a place to live in the best way possible.
Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
Join our social media communities!
Facebook | Instagram | TikTok | Telegram | YouTube | Twitter
Leave a comment