Prices of resale HDB flats down 0.5% in 1Q2016

By Feily Sofian
/ The Edge Property |
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Prices of resale HDB flats fell 0.5% q-o-q in 1Q2017, after slipping 0.1% in the previous quarter, according to HDB statistics released on April 28.
Resale volume fell 9.6% from 5,012 cases in 4Q2016 to 4,530 cases in 1Q2017, says HDB. On y-o-y basis, however, resale volume rose marginally by 1.8% from 4,449 cases in 1Q2016.
Outside the Central area, the priciest HDB towns for four-room flats were Queenstown, Toa Payoh and Bukit Merah where their median prices stood at $702,500, $631,000 and $630,000 respectively.
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In the rental segment, the number of applications approved for subletting of HDB flats fell by 6.5% from 10,678 cases in 4Q2016 to 9,981 cases in 1Q2017. On y-o-y basis, the number declined by 11% from 11,239 cases in 1Q2016.
Queenstown and Bukit Merah topped the rental chart for four-room flats outside the Central area with a median rent of $2,600 per month. They were followed by Clementi and Kallang / Whampoa with a median rent of $2,500 per month.
In May, HDB will offer about 4,600 Build-To-Order flats and about 3,000 balance flats for sale.
Among the 4,600 BTO flats, 2,600 will be in mature estates – Bidadari and Geylang. The rest will be located in Woodlands and Yishun.
Median resale prices in 1Q2017
Town
1-Room
2-Room
3-Room
4-Room
5-Room
Executive
Ang Mo Kio
-
*
$315,000
$460,000
$688,000
*
Bedok
-
*
$305,000
$410,000
$552,500
*
Bishan
-
-
*
$547,500
$745,300
*
Bukit Batok
-
-
$276,500
$411,000
*
*
Bukit Merah
*
*
$358,000
$630,000
$750,000
-
Bukit Panjang
-
-
*
$358,000
$460,000
*
Bukit Timah
-
-
*
*
*
*
Central
-
*
*
$811,500
*
-
Choa Chu Kang
-
-
*
$343,000
$405,000
$553,000
Clementi
-
-
$340,000
$530,000
*
*
Geylang
-
*
$281,500
$513,800
*
*
Hougang
-
*
$296,000
$390,000
$478,000
$630,000
Jurong East
-
*
$285,000
$410,000
$515,000
*
Jurong West
-
*
$274,000
$375,000
$462,500
$586,500
Kallang/Whampoa
-
*
$335,000
$574,000
$785,000
*
Marine Parade
-
-
*
*
*
-
Pasir Ris
-
-
*
$395,000
$475,000
$600,000
Punggol
-
-
*
$452,500
$450,000
*
Queenstown
-
*
$340,000
$702,500
*
*
Sembawang
-
-
*
$365,000
$410,000
*
Sengkang
-
*
*
$415,000
$440,000
$561,000
Serangoon
-
-
$320,000
$443,800
*
*
Tampines
-
*
$319,000
$423,000
$519,000
$655,000
Toa Payoh
-
*
$306,000
$631,000
$830,000
*
Woodlands
-
-
$265,000
$350,000
$420,000
$579,000
Yishun
-
*
$285,000
$356,000
$455,000
$586,500
Source: HDB

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