You will find 23,714 resale level trades in 2019, the highest in seven decades. This figure can also be 2.7% greater in comparison to 2018, in which there were 23,099 trades, according to HDB’s Q4 2019 public housing statistics.
On a yearly basis, resale trades increased 1.2percent to 6,339 instances from the Q4 2019 in 6,264 instances in the preceding quarter. For official The Avenir brochure pdf, project details, floor plans, showflat appointment to be obtained through registration of interest.
As stated by the HDB resale price index, costs of resale flats increased by 0.5% in Q4 2019, the second successive quarterly growth after the 0.1% rise in Q3 2019. On a year-on-year foundation, there was a 0.1% growth.
“The HDB resale market staged a sudden turnaround last year since costs of apartments rebounded and sales volume climbed higher a year ago,” said Christine Sun, head of consultancy and research in OrangeTee & Tie.
She noticed that the cumulative impact of numerous policies”appeared successful in simplifying additional price falls arising out of the worries surrounding the rental depreciation of flats that were older and the rising supply of apartments”.
Some of the significant policy changes introduced annually comprise allowing buyers higher flexibility in using CPF to buy older apartments and the improvement of CPF housing grant to elevate home affordability for greater Singaporeans.
Rental Economy Continues To Strengthen
HDB data also revealed that the amount of apartments leased out increased 1.3% quarter-on-quarter into 56,474 units in Q4 2019.
This comes as the amount of accepted software to rent out apartments inched up 0.6% quarter-on-quarter and 5.2% year-on-year to 12,079 instances in Q4 2019.
Meanwhile, the HDB revealed it will start approximately 16,000 to 17,000 Build-To-Order (BTO) apartments available this year.
It noted that roughly 3,000 BTO apartments in Toa Payoh and Sembawang will be provided throughout the initial BTO exercise in February, while the other 3,700 BTO apartments in Choa Chu Kang, Tampines, Pasir Ris and Tengah is going to be available in May.