{"id":4316,"date":"2016-02-01T02:29:13","date_gmt":"2016-01-31T18:29:13","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=4316"},"modified":"2022-07-01T04:00:00","modified_gmt":"2022-06-30T20:00:00","slug":"hdb-resale-price-edge-up-in-q4-2015","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/hdb-resale-price-edge-up-in-q4-2015\/","title":{"rendered":"HDB resale price edge up in Q4 2015"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><figure id=\"attachment_4319\" aria-describedby=\"caption-attachment-4319\" style=\"width: 940px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2016\/02\/Fotolia-6-e1454293536884.jpg\" target=\"_blank\" rel=\"noopener\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"wp-image-4319 size-large\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2016\/02\/Fotolia-6-1024x683.jpg\" alt=\"HDB resale price\" width=\"940\" height=\"627\" \/><\/a><figcaption id=\"caption-attachment-4319\" class=\"wp-caption-text\">HDB resale price<\/figcaption><\/figure>\n<p><i><span style=\"font-weight: 400;\">This marked the first gain in resale prices since the third quarter of 2013.<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Yes, you heard it right HDB resale price edge up in \u00a0the 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. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">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. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The latest data is largely in line with the flash estimates released by HDB in early January, according to a report in<\/span><a href=\"http:\/\/www.todayonline.com\/singapore\/hdb-resale-prices-slightly-first-time-q3-2013\"> <span style=\"font-weight: 400;\">TODAY<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">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.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThis increased price stability could be pointing to a new equilibrium, indicating that the market may have found its support level,\u201d ERA\u2019s Key Executive Officer Eugene Lim said. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">He also noted that resale prices for some HDB flats hit record levels last year \u2013 a five-room unit at The Pinnacle@Duxton changed hands for $1.088 million. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Visit<\/span><a href=\"http:\/\/www.todayonline.com\/singapore\/hdb-resale-prices-slightly-first-time-q3-2013\"> <span style=\"font-weight: 400;\">TODAY<\/span><\/a><span style=\"font-weight: 400;\"> for the full report.<\/span><\/p>\n<p>If you would like to compare the prices, we have provided the table below.<\/p>\n<div>\n<dl class=\"accordion\" data-accordion=\"\">\n<dd class=\"accordion-navigation active\">\n<div id=\"resalepriceindexrpi13838003002613\" class=\"content active\">\n<h2>HDB Resale Price Index (RPI)<\/h2>\n<div>This index can be used to compare the overall price movements of HDB resale flats. It is calculated using resale transactions registered across towns, flat types, and models. The base period is the 1<sup><span style=\"font-size: small;\">st<\/span><\/sup> quarter of 2009, i.e. RPI has a value of 100 in 1<sup><span style=\"font-size: small;\">st <\/span><\/sup>Quarter 2009. For example, if the index increases from 100 to 108 in 1 year, that means that on the whole, HDB resale flat prices increased by about 8% over that year.<\/div>\n<div><\/div>\n<div>\n<p>The RPI tracks the overall price movement of the public housing market. It is calculated using resale transactions registered across towns, flat types, and models. The base period is the 1<sup><span style=\"font-size: small;\">st<\/span><\/sup>quarter of 2009, i.e. RPI has a value of 100 in 1<sup><span style=\"font-size: small;\">st <\/span><\/sup>Quarter 2009.<\/p>\n<h3>RPI from 1<sup><span style=\"font-size: medium;\">st<\/span><\/sup> Quarter 1990 to latest quarter of current year<\/h3>\n<div>\n<table>\n<thead>\n<tr>\n<th scope=\"col\"><strong>Year<\/strong><\/th>\n<th scope=\"col\"><strong>Quarter<\/strong><\/th>\n<th scope=\"col\"><strong>Index<\/strong><\/th>\n<th scope=\"col\"><strong>% Change from Previous Quarter<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>2015<\/td>\n<td>4<sup><span style=\"font-size: small;\">th<\/span><\/sup><\/td>\n<td>134.8<\/td>\n<td>0.1%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>3<sup><span style=\"font-size: small;\">rd<\/span><\/sup><\/td>\n<td>134.6<\/td>\n<td>-0.3%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>2<sup><span style=\"font-size: small;\">nd<\/span><\/sup><\/td>\n<td>135.0<\/td>\n<td>-0.4%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>1<sup><span style=\"font-size: small;\">st<\/span><\/sup><\/td>\n<td>135.6<\/td>\n<td>-1.0%<\/td>\n<\/tr>\n<tr>\n<td>2014<\/td>\n<td>4<sup><span style=\"font-size: small;\">th<\/span><\/sup><\/td>\n<td>137.0<\/td>\n<td>-1.5%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>3<sup><span style=\"font-size: small;\">rd<\/span><\/sup><\/td>\n<td>139.1<\/td>\n<td>-1.7%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>2<sup><span style=\"font-size: small;\">nd<\/span><\/sup><\/td>\n<td>141.5<\/td>\n<td>-1.4%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>1<sup><span style=\"font-size: small;\">st<\/span><\/sup><\/td>\n<td>143.5<\/td>\n<td>-1.6%<\/td>\n<\/tr>\n<tr>\n<td>2013<\/td>\n<td>4<sup><span style=\"font-size: small;\">th<\/span><\/sup><\/td>\n<td>145.8<\/td>\n<td>-1.6%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>3<sup><span style=\"font-size: small;\">rd<\/span><\/sup><\/td>\n<td>148.1<\/td>\n<td>-0.9%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>2<sup><span style=\"font-size: small;\">nd<\/span><\/sup><\/td>\n<td>149.4<\/td>\n<td>0.5%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>1<sup><span style=\"font-size: small;\">st<\/span><\/sup><\/td>\n<td>148.6<\/td>\n<td>1.3%<\/td>\n<\/tr>\n<tr>\n<td>2012<\/td>\n<td>4<sup><span style=\"font-size: small;\">th<\/span><\/sup><\/td>\n<td>146.7<\/td>\n<td>2.5%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>3<sup><span style=\"font-size: small;\">rd<\/span><\/sup><\/td>\n<td>143.1<\/td>\n<td>2.0%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>2<sup><span style=\"font-size: small;\">nd<\/span><\/sup><\/td>\n<td>140.3<\/td>\n<td>1.3%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>1<sup><span style=\"font-size: small;\">st<\/span><\/sup><\/td>\n<td>138.5<\/td>\n<td>0.6%<\/td>\n<\/tr>\n<tr>\n<td>2011<\/td>\n<td>4<sup><span style=\"font-size: small;\">th<\/span><\/sup><\/td>\n<td>137.7<\/td>\n<td>1.7%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>3<sup><span style=\"font-size: small;\">rd<\/span><\/sup><\/td>\n<td>135.4<\/td>\n<td>3.8%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>2<sup><span style=\"font-size: small;\">nd<\/span><\/sup><\/td>\n<td>130.4<\/td>\n<td>3.2%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>1<sup><span style=\"font-size: small;\">st<\/span><\/sup><\/td>\n<td>126.4<\/td>\n<td>1.6%<\/td>\n<\/tr>\n<tr>\n<td>2010<\/td>\n<td>4<sup><span style=\"font-size: small;\">th<\/span><\/sup><\/td>\n<td>124.4<\/td>\n<td>2.6%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>3<sup><span style=\"font-size: small;\">rd<\/span><\/sup><\/td>\n<td>121.3<\/td>\n<td>4.0%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>2<sup><span style=\"font-size: small;\">nd<\/span><\/sup><\/td>\n<td>116.6<\/td>\n<td>4.0%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>1<sup><span style=\"font-size: small;\">st<\/span><\/sup><\/td>\n<td>112.1<\/td>\n<td>2.8%<\/td>\n<\/tr>\n<tr>\n<td>2009<\/td>\n<td>4<sup><span style=\"font-size: small;\">th<\/span><\/sup><\/td>\n<td>109.0<\/td>\n<td>3.8%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>3<sup><span style=\"font-size: small;\">rd<\/span><\/sup><\/td>\n<td>105.0<\/td>\n<td>3.6%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>2<sup><span style=\"font-size: small;\">nd<\/span><\/sup><\/td>\n<td>101.4<\/td>\n<td>1.4%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>1<sup><span style=\"font-size: small;\">st<\/span><\/sup><\/td>\n<td>100.0<\/td>\n<td>-0.8%<\/td>\n<\/tr>\n<tr>\n<td>2008<\/td>\n<td>4<sup><span style=\"font-size: small;\">th<\/span><\/sup><\/td>\n<td>100.8<\/td>\n<td>1.4%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>3<sup><span style=\"font-size: small;\">rd<\/span><\/sup><\/td>\n<td>99.4<\/td>\n<td>4.2%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>2<sup><span style=\"font-size: small;\">nd<\/span><\/sup><\/td>\n<td>95.4<\/td>\n<td>4.5%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>1<sup><span style=\"font-size: small;\">st<\/span><\/sup><\/td>\n<td>91.3<\/td>\n<td>3.7%<\/td>\n<\/tr>\n<tr>\n<td>2007<\/td>\n<td>4<sup><span style=\"font-size: small;\">th<\/span><\/sup><\/td>\n<td>88.0<\/td>\n<td>5.8%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>3<sup><span style=\"font-size: small;\">rd<\/span><\/sup><\/td>\n<td>83.2<\/td>\n<td>6.5%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>2<sup><span style=\"font-size: small;\">nd<\/span><\/sup><\/td>\n<td>78.1<\/td>\n<td>3.0%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>1<sup><span style=\"font-size: small;\">st<\/span><\/sup><\/td>\n<td>75.8<\/td>\n<td>1.2%<\/td>\n<\/tr>\n<tr>\n<td>2006<\/td>\n<td>4<sup><span style=\"font-size: small;\">th<\/span><\/sup><\/td>\n<td>74.9<\/td>\n<td>0.9%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>3<sup><span style=\"font-size: small;\">rd<\/span><\/sup><\/td>\n<td>74.2<\/td>\n<td>-0.1%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>2<sup><span style=\"font-size: small;\">nd<\/span><\/sup><\/td>\n<td>74.3<\/td>\n<td>1.0%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>1<sup><span style=\"font-size: small;\">st<\/span><\/sup><\/td>\n<td>73.6<\/td>\n<td>0.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><strong>Note:<\/strong><\/p>\n<ul>\n<li>The index till 3<sup><span style=\"font-size: small;\">rd<\/span><\/sup> Quarter 2014 was computed using stratification method, while that from 4<sup><span style=\"font-size: small;\">th<\/span><\/sup> Quarter 2014 onwards is computed using the stratified hedonic regression method<\/li>\n<li>Indices from 1<sup><span style=\"font-size: small;\">st<\/span><\/sup> Quarter 1990 to 3<sup><span style=\"font-size: small;\">rd<\/span><\/sup> Quarter 2014 are re-scaled using a factor of 100 (new index in 1<sup><span style=\"font-size: small;\">st <\/span><\/sup>Quarter 2009)\/ 138.3 (original index in 1<sup><span style=\"font-size: small;\">st<\/span><\/sup> Quarter 2009) multiplied on the original index level to derive the re-based index level for the respective quarters. Due to rounding, there could be some differences in the quarterly price change compared to the RPI series before re-scaling<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/dd>\n<\/dl>\n<\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 \u00a0the 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&hellip;<\/p>\n","protected":false},"author":17,"featured_media":54145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53631,53643,57131],"tags":[],"persona":[],"class_list":{"2":"type-post","10":"entry","11":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HDB resale price edge up in quarter 2015<\/title>\n<meta name=\"description\" content=\"Yes, you heard it right HDB resale price edge up in the last quarter of 2015 . 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