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Source:
www.hdb.gov.sg |
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Release of 3rd Quarter 2008
Public Housing Data |
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This press release provides housing data for
the HDB Resale and Rental Markets for transactions in 3rd Quarter 2008. |
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HDB’s Resale Price Index (RPI) rose by 4.2%
in 3rd Quarter 2008 over the previous quarter, slightly lower than the
4.5% increase seen in 2nd Quarter 2008. Please see
Annexes A-1 and
A-2 for the RPI series and
Annex B for the median transacted prices of resale flats by town and
flat type in 3rd Quarter 2008. |
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Resale transactions increased by about 4%,
from about 7,760 cases in 2nd Quarter 2008 to about 8,110 cases in 3rd
Quarter 2008 (see
Annex C). |
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The median Cash-Over-Valuation (COV) amount
of all resale transactions in 3rd Quarter 2008 was $19,000 (see
Annex D). This is a slight decrease compared with the COV of $20,000
in 2nd Quarter 2008. Cases requiring COV constituted 89% of all resale
transactions in this quarter, with 11% of resale transactions conducted
at or below valuation. |
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Upcoming New Flat Supply |
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The Build-To-Order (BTO) system constitutes
the main supply of new flats. HDB has to date launched about 5,000 of
the planned supply of 8,400 Build-To-Order (BTO) flats for 2008. |
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Subject to demand, HDB plans to offer
another 3,400 new flats under the BTO system in the remaining months of
2008 in towns such as Punggol, Sengkang and Yishun. This new BTO flat
supply will be in addition to the sale exercises offering balance flats
from previous offers. HDB will provide more details of the BTO flats
when the projects are launched. |
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To date, HDB has successfully tendered out 6
DBSS sites. Of these, 3 projects have been launched for sale by the
private developers. |
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The 3 projects are The Premiere @ Tampines,
City View @ Boon Keng and Park Central @ Ang Mo Kio. The other 3
projects pending launch by the private developers are at Bishan, Simei
and Toa Payoh. HDB is monitoring the current market situation before
deciding on the launch date for the Bedok DBSS site, which has been
scheduled for launch in the last quarter of 2008. |
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HDB Rental Market |
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Overall median sublet rents for HDB
flats rose slightly in 3rd Quarter 2008. Please see
Annex E for the median subletting rents of HDB flats, by town
and flat type. |
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Subletting transactions fell slightly by
about 4% from about 4,120 cases in 2nd Quarter 2008 to about 3,960
cases in 3rd Quarter 2008 (see
Annex F). The total number of HDB flats approved for subletting
rose to about 21,400 units, compared to about 20,200 units in 2nd
Quarter 2008. |
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Transacted prices of individual flats
(by block and flat type) can be found on HDB website and detailed
online enquiries can be made at
http://www.hdb.gov.sg/bb33/ispm051p.nsf. |
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Source:
www.hdb.gov.sg Press Release 24
Oct 2008 |
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Release of 3rd Quarter 2008 Public
Housing Data
