Your property agent says: 3 easy ways to increase your HDB’s resale value

By EdgeProp Singapore / EdgeProp | May 25, 2018 12:23 PM SGT
Resale prices for HDB flats continued to fall in 1Q2018, with the resale price index declining 0.8% from the previous quarter, according to HDB data.
The number of resale transactions within the same time period also fell to 4,458 transactions compared to 5,738 in 4Q2017, marking a drop of 22.3%.
This is a steeper decline than the 0.2% dip in 4Q2017 and marks the latest quarterly decline since 2Q2013.
HDB resale market trends from Jan 2013 to May 2018
A screenshot from EdgeProp’s Market Trend tool.
According to HDB data, resale flats that fetched the highest median price in 1Q2018 were tied between four-room flats in the central district and five-room flats in Toa Payoh. Both had a median price of $850,000.
This was closely followed by five-room flats in Bishan and five-room flats in Bukit Merah, with median prices of $769,000 and $760,000 respectively.
Meanwhile, three-room flats in Jurong West, Bukit Batok and Woodlands were the cheapest, with median prices of $248,000, $268,000 and $270,900 respectively.
Median resale prices by town and flat type, for resale cases registered in 1Q2018
Source: HDB
With HDB home prices on a steady decline, how can HDB home owners achieve the best possible price for their resale? Yong Chee Chung (Shaw), Key Executive Officer (KEO) at Century 21, and Sharifah Kamariah, Division Director of ERA Realty Network Pte Ltd...