resale

SINGAPOREANS AND SPRS CONDEMNED TO EVER SMALLER HOMES

Here is why Singaporeans and Singapore Permanent residents will be condemned to even smaller homes. If I want to property in Singapore, what should I do? Read on. If you think a 600 square feet studio apartment is small, wait till you see the 400 square feet studio units.

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MOST EXPENSIVE 5-ROOM FLAT SOLD FOR $1.12 MILLION

A 5-room flat at the Pinnacle @ Duxton estate has been sold for a whopping $1.12 million on 19 Sep. This makes it the most expensive sale of a HDB flat to date and comes amidst strict cooling prices that have dragged down the prices of the private housing sector in recent years.

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HDB BTO FLAT PRICES UP 43% BUT RESALE PRICE INCREASE ONLY 16%?

The cheapest 3-room flat in Sengkang increased by 43 per cent, from $120,000 to$171,000, from 2010 to now. 2-room flats in Sengkang start from $80,000. This is an increase of 18 per cent compared to the cheapest 2-room flat, at $68,000 in Sengkang in June 2010. Since we have been consistently told that HDB BTO prices has been delinked from resale prices to make them more affordable – and arguably particularly for 2-room flats – why is it that it would appear that the cheapest 2-room BTO price has increased even more than the increase in the resale price? And the cheapest 3-room flats increased by a whopping 43 per cent.

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FIRST PINNACLE @ DUXTON RESALE FLAT SELLS FOR WHOPPING S$900,000

The first Pinnacle@Duxton flat to be sold on the resale market has gone for a princely price, less than a month after most home owners of the iconic Housing Board project were allowed to put their units up for sale. The four-room flat, located somewhere from the 34th to 36th floors, was sold on Monday for a hefty $900,000. Savills property agent Ron Chong, who handled the transaction, said the corner unit's price was not surprising, given its central location, high floor and well-designed interior.

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HDB RESALE PRICE FELL 5% BUT BTO PRICE INCREASE 14%

It may be bad enough that in the past, we were told for years that HDB BTO prices were pegged to resale prices, and then recently that they have been delinked – only now to appear as a if they increase much more when resale prices dropped quite a lot in the same estate. So, if the Resale Price Index dropped by 3.4%, why did the price increase by 14.4%?

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SINGAPOREANS COMPLAIN ABOUT LACK OF BUYERS FOR HDB RESALE FLATS

IS THERE an oversupply of flats? This was a question raised by Nee Soon GRC Member of Parliament Lee Bee Wah on Monday, after she noticed that many residents in her ward faced problems selling their homes. In a Facebook post, Ms Lee said residents have approached her at Meet-the-People Sessions, saying that their Build-To-Order (BTO) flats are ready but they are unable to find buyers for their current flats. "Is this (a) sign of oversupply of flats?" she asked.

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HDB resale, private home prices fall in first 3 months of 2014

Singapore home prices fell in the first quarter of this year from the last three months of 2013, data released by the Housing and Development Board (HDB) and Urban Redevelopment Authority (URA) on Tuesday showed. HDB resale prices declined for the third consecutive quarter, dropping 1.5 per cent in the January-March period from October-December period.

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