therat 18 Report post Posted January 28, 2011 http://www.channelnewsasia.com/stories/sin...1107485/1/.html SINGAPORE: Prices of HDB resale flats rose by 2.5 per cent in the last three months of 2010, the lowest quarterly growth for the year. This brings the full year's price increase to 14.1 per cent. According to the latest housing data released by HDB, the total number of resale transactions fell to about 32,260 last year, a 13 per cent drop from 2009. The median cash-over-valuation (COV) fell to S$23,000 in the three months ending December. The proportion of resale cases transacting above valuation remained at 96 per cent. The housing board has ramped up the supply of new flats to meet demand from first-time households. It offered a total of 17,700 new flats in 2010. This year, it plans to offer up to 22,000 new flats in areas such as Bukit Panjang, Jurong West and Punggol. Home buyers can also look forward to flats sold under the Design Build and Sell Scheme (DBSS) and Executive Condos (ECs). From the land parcels sold last year, there will be about 3,000 DBSS flats and 4,000 EC units. So far, developers have launched four EC projects, and another four will be put up for sale in the coming months. -CNA/ac Share this post Link to post Share on other sites
bepgof 20 Report post Posted January 28, 2011 (edited) Private ppty price is 17.something% whole year 2010. Edited January 28, 2011 by bepgof Share this post Link to post Share on other sites
forgotten 1 Report post Posted January 28, 2011 (edited) Straits Times Singapore Home > Breaking News > Singapore > Story Jan 28, 2011 Private residential prices in Singapore up 17.6% in 2010 By Esther Teo OVERALL prices of private residential properties increased by 2.7 per cent in the fourth quarter, compared with the 2.9 per cent increase in the previous quarter, unchanged from the flash estimates released earlier this January. Prices have gained 17.6 per cent in 2010 compared to a 1.8 per cent rise in 2009, the Urban Redevelopment Authority said on Friday. Non-landed homes saw price gains of 1.8 per cent, inching up on the 1.6 per cent in the third quarter. Homes in the city centre saw prices rise by 2.2 per cent, while city fringe and suburban areas saw gains of 1.9 per cent and 2.1 per cent respectively in the three months ending Dec 31. Prices of landed properties increased by 5.5 per cent in the fourth quarter, down from the 7.7 per cent rise in the quarter before. Prices of detached, semi-detached and terrace houses increased by 8.5 per cent, 3.1 per cent and 3.7 per cent respectively. At the end of the fourth quarter, there was a total supply of 65,699 uncompleted units of private housing from projects in the pipeline. Of these, 32,776 units are still unsold. Overall rentals for office space, based on leases which had commenced, increased by 4.7 per cent in the fourth quarter, compared with an increase of 6 per cent in the quarter before. For 2010 as a whole, rentals of office space have increased by 12.6 per cent. Prices of office space have also surged 18.9 per cent in the same period. Rentals for shop space also saw an increase of 1.7 per cent in the fourth quarter, bringing rentals up by 2.9 per cent for the year. Prices of shop space also increased 8.6 per cent for the year. Edited January 28, 2011 by forgotten Share this post Link to post Share on other sites
neubie 2 Report post Posted January 29, 2011 HDB resale prices up 2.5% in Q4 2010 HDB resale prices rose by 2.5 per cent in the fourth quarter of 2010 - a tad higher than the 2.4 per cent climb estimated earlier this month - even as the number of deals and the cash-over-valuation (COV) amounts commanded by flats fell. Data from the Housing & Development Board (HDB) released yesterday showed that the official resale price index climbed to yet another new high in Q4 2010. For the whole of 2010, HDB resale prices rose by 14.1 per cent. Prices rose even as the median COV amount among all resale transactions fell by $7,000 (or 23 per cent) from $30,000 in Q3 2010 to $23,000 in Q4 2010. But prices still rose as valuations of most types of HDB flats climbed in Q4, analysts said. The number of resale transactions fell by about 21 per cent, from 8,205 in Q3 2010 to 6,454 in Q4 2010. The total number of resale transactions in 2010 fell to 32,257, a decline of 13 per cent over 2009's volume. Analysts said that HDB flat valuations still increased in Q4 2010, in spite of a number of cooling measures introduced in August 2010, as there is usually a lag time of about six to eight weeks before price corrections would align with the actual sentiment in the market. But resale prices could soon plateau, PropNex chief executive Mohamed Ismail said. HDB's Q4 2010 data shows that median resale prices of 3-room, 4-room, 5-room and executive flats stood at $300,000, $385,000, $460,000 and $548,000 respectively, he said. But PropNex's in-house data for deals done in January shows median resale prices of $298,000, $393,000, $466,000 and $538,000 respectively - a 1.8 per cent drop to 2.1 per cent increase from Q4 2010. 'It must also be highlighted that some of our data reflects transactions that took place before the additional cooling measures announced on Jan 13, 2011,' added Mr Mohd Ismail. 'Feedback from the ground has indicated that there is less movement among the current HDB dwellers due to the (new) 60 per cent loan-to-value (LTV) cap. Therefore, it is possible to see a further dip, though not drastic one, for median COVs and sales volume in Q1 2011.' HDB plans to offer up to 22,000 new flats under the build-to-order (BTO) system if demand is sustained. The BTO supply will also be supplemented by the upcoming supply of flats under the design, build & sell scheme (DBSS) and the executive condominium (EC) housing scheme. Four more EC developments in Punggol, Pasir Ris, Bukit Panjang and Tampines will be launched for sale in the coming months by private developers. Share this post Link to post Share on other sites
