Serious PAP's HDB Flats Continue To Rise! Index At All-Time Highest! PAP Endorsed Assets Still The Best Investment During War And Stock Market Meltdown!

[JohnTan]

SINGAPORE: Resale flat prices in Singapore rose 2.3 per cent in the first quarter of 2022 - the lowest growth since the third quarter of 2020, according to flash estimates released by the Housing and Development Board (HDB) on Friday (Apr 1).

The resale price index, which provides information on the general price movements in the resale public housing market, rose from 155.7 to 159.3, the estimates showed.

This comes after resale prices in the fourth quarter of 2021 went up by 3.4 per cent.

OrangeTee & Tie's senior vice president of research and analytics Christine Sun said: "This is the lowest price growth since Q3 2020 when prices rose 1.5 per cent."

She added that "price resistance could be setting in" as "prices have already risen for eight consecutive quarters".

Eighty-two flats were sold for at least S$1 million last quarter, which was almost on par with the 85 transactions inked in the preceding quarter, she said.

"Of the million-dollar transactions, more flats breached the S$1.3 million mark and could soon be breaking the S$1.4 million level. Six flats were transacted above S$1.3 million in total, with four such units inked last quarter and another two units transacted in Q4 2021," Ms Sun said.

In an update on upcoming sales launches, HDB said it will offer in May about 5,300 Build-to-Order (BTO) flats in towns and estates such as Bukit Merah, Jurong West, Queenstown, Toa Payoh and Yishun.

In August, about 6,300 to 6,800 BTO flats in places such as Ang Mo Kio, Bukit Merah, Choa Chu Kang, Jurong East, Queenstown and Woodlands will be made available.

"This number is subject to review as more project details will be firmed up closer to the launch date ... HDB will continue to monitor housing demand and adjust the plans where necessary," it said.

Ms Sun said that inflation and rising economic uncertainties may impact buyer sentiment and purchase decisions.

"Should inflation worsen, more people may opt for smaller flats or flats in non-mature estates, which tend to be lower priced. We anticipate that resale prices may continue to rise but at a slower pace of between 5 and 8 per cent this year," she added.

https://www.channelnewsasia.com/singapore/hdb-resale-price-rise-flash-estimate-2600781

 

[millim6868]

High is useless,1 hdb already make many poor,wat the use, sooner or later all will stuck with no money n work till die. No point,lol

 

[eatshitndie]

all thanks to pap. huat ah!

 

[JohnTan]

all thanks to pap. huat ah!

Exactly! While the world is being turned upside down, PAP Singapore continues to rise in value. It won't be long before our property is as valuable as that in Tokyo.

 

[eatshitndie]

Exactly! While the world is being turned upside down, PAP Singapore continues to rise in value. It won't be long before our property is as valuable as that in Tokyo.

most likely surpassed tokyo already. some prime districts within the heart of tokyo are still sexpensive, but suburbs 36.9 minutes away from tokyo by train are asking us$369k for 3 bedroom single family landed detached homes. that’s cheap!

 

[tanwahtiu]

View attachment 140329

SINGAPORE: Resale flat prices in Singapore rose 2.3 per cent in the first quarter of 2022 - the lowest growth since the third quarter of 2020, according to flash estimates released by the Housing and Development Board (HDB) on Friday (Apr 1).

The resale price index, which provides information on the general price movements in the resale public housing market, rose from 155.7 to 159.3, the estimates showed.

This comes after resale prices in the fourth quarter of 2021 went up by 3.4 per cent.

OrangeTee & Tie's senior vice president of research and analytics Christine Sun said: "This is the lowest price growth since Q3 2020 when prices rose 1.5 per cent."

She added that "price resistance could be setting in" as "prices have already risen for eight consecutive quarters".

Eighty-two flats were sold for at least S$1 million last quarter, which was almost on par with the 85 transactions inked in the preceding quarter, she said.

"Of the million-dollar transactions, more flats breached the S$1.3 million mark and could soon be breaking the S$1.4 million level. Six flats were transacted above S$1.3 million in total, with four such units inked last quarter and another two units transacted in Q4 2021," Ms Sun said.

In an update on upcoming sales launches, HDB said it will offer in May about 5,300 Build-to-Order (BTO) flats in towns and estates such as Bukit Merah, Jurong West, Queenstown, Toa Payoh and Yishun.

In August, about 6,300 to 6,800 BTO flats in places such as Ang Mo Kio, Bukit Merah, Choa Chu Kang, Jurong East, Queenstown and Woodlands will be made available.

"This number is subject to review as more project details will be firmed up closer to the launch date ... HDB will continue to monitor housing demand and adjust the plans where necessary," it said.

Ms Sun said that inflation and rising economic uncertainties may impact buyer sentiment and purchase decisions.

"Should inflation worsen, more people may opt for smaller flats or flats in non-mature estates, which tend to be lower priced. We anticipate that resale prices may continue to rise but at a slower pace of between 5 and 8 per cent this year," she added.

https://www.channelnewsasia.com/singapore/hdb-resale-price-rise-flash-estimate-2600781

Tannie, it has come to pass, a strong armed and police forces, make the country strong and protect the wealth... doesn't care it just a civilian army or police.... and an incomplete 4G lead the country...

 

[JohnTan]

Tannie, it has come to pass, a strong armed and police forces, make the country strong and protect the wealth... doesn't care it just a civilian army or police.... and an incomplete 4G lead the country...

You also need incorruptible leaders. That's the PAP!

 

[bobby]

The world concept of public housing is that it should affordable to the general public.

 

[tanwahtiu]

You also need incorruptible leaders. That's the PAP!

Not accountability open book to inspect.... not sure incorruptible is right choice of word to use.... run a NLP algorithmic Skttest see what other word will come out... tannie... let the algo test decide...

 

[Loofydralb]

Exactly! While the world is being turned upside down, PAP Singapore continues to rise in value. It won't be long before our property is as valuable as that in Tokyo.

Nothing beats gravity. What goes up, must come down.

 

[hbk75]

All these expensive hdb are funded by bank loans. Interest rates are going up and many will be in for a shock.

 

[SBFNews]

All these expensive hdb are funded by bank loans. Interest rates are going up and many will be in for a shock.

Same with condos lah

 

[Pinkieslut]

Good news!

 

[hbk75]

Same with condos lah

imagine if condo prices drops. hdb can still sell higher than condos? they will have to drop in proportion

 

[JohnTan]

Nothing beats gravity. What goes up, must come down.

Our property prices do come down, with occasional big dips in property prices. But the general trend for local property prices over the past 60 years under PAP has been up.