September is also the fourth straight month that monthly sales exceeded 2,400 units and is above the two-year monthly average of 1,842 units sold before the Covid-19 pandemic.
The demand may have been boosted by young couples who turned to HDB resale flats after seeing the longer completion period of newly launched Build-To-Order projects, where some have a four to five years' wait, said Ms Sun."Some buyers are HDB upgraders who are turning to the HDB resale market due to the price affordability," she added.Four-room flats saw the biggest price increase of 2.7 per cent, followed by three-room and executive flats by 2.5 per cent, and five-room flats by 2.
Wong Siew Ying, head of research and content at PropNex, said:"Feedback from our real estate agents suggest that there is stiff competition for HDB resale units in the market, so pricing should continue to find support in the months ahead. We believe the HDB resale market has turned a corner and remain upbeat about its outlook this year, in spite of the pandemic-led economic downturn."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
From rural village to waterfront town: How Punggol got its distinct HDB town identitySINGAPORE - A decade ago, Punggol was known mainly for its 'lalang' fields and a lone tree atop a small hill - since removed - that graced many Instagram photos.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Ownership transfer: HDB may seize flats over false statementsHomeowners may have their flats seized by the Housing Board if they intentionally make misleading or false statements when transferring flat ownership, following legislative changes that Parliament passed yesterday. Currently, such compulsory acquisition is allowed only...
Source: thenewpaper - 🏆 7. / 63 Read more »
Voyeur jailed 6 weeks for filming young woman showering in ground-floor HDB flatSINGAPORE — A 31-year-old man was jailed for six weeks on Wednesday (Oct 7) for using his mobile phone to film a woman showering in her ground-floor flat. The most common crime in singapore 🤣🤣 These kind of crimes to escape punishment, one must be smart and can only do at certain places
Source: TODAYonline - 🏆 1. / 99 Read more »
HDB gets 2.6 reports about defects on average from BTO projects within first year: Indranee RajahSINGAPORE — At one Woodlands Build-to-Order (BTO) project, residents have found defects in over 200 of the 888 units, including melting window panes and broken toilet seats.
Source: TODAYonline - 🏆 1. / 99 Read more »
Most defects in new HDB flats are resolved within 1-year liability period: IndraneeSINGAPORE: Most of the defects reported by owners of newly completed Build-to-Order (BTO) flats are resolved within the first year, so the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Banks allowed to pledge HDB property loans to MAS to boost access to credit amid COVID-19 economic falloutSINGAPORE: Financial institutions will be allowed to use their security interests in Housing and Development Board (HDB) flats as collateral for ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »