Number of HDB flats resold rises 33.3% in Q2 2018
Sat, Jul 28, 2018
MORE Housing Board resale flats were sold in the second quarter of this year, with the number of transactions rising 33.3 per cent from the previous quarter.
Public housing data released by the HDB on Friday showed that there were 5,941 resale transactions from April to June, up from 4,458 in the first three months of the year.
The resale price index also rose slightly by 0.1 per cent to 131.7 in the second quarter, confirming flash estimates by HDB earlier this month.
This is the first percentage increase after at least four consecutive quarters of decline.
Resale flats that fetched some of the highest median prices were in the central district, Toa Payoh and Queenstown.
Four-room flats in the central district had a median price of S$870,000. Five-room flats in Toa Payoh saw a median price of S$845,000, and those in Queenstown, S$838,000.
Three-room flats in Bukit Batok and Jurong West were the cheapest, with median prices of S$264,000 and S$260,000 respectively.
Meanwhile, HDB also noted a 2.6 per cent increase in the number of approved rental applications in the second quarter of this year from the first quarter.
There were 12,024 approved applications to rent out HDB flats in the second quarter of this year, up from 11,721 in the previous quarter.
The 12,024 approved applications were an increase of 10 per cent from the 10,929 in the second quarter of 2017.
As of June 30, there were 54,896 HDB flats being rented. This was a 1 per cent increase over the first quarter of the year, when there were 54,329 units rented out.
Flats in Queenstown, Bukit Merah and the central district were among the priciest to rent. In Queenstown, five-room flats logged a median rent of S$2,800; similar units in Bukit Merah were at S$2,750.
Four-room flats in the central district also had a median rent of S$2,750.
But Queenstown also had flats that were cheapest to rent, with two-room units going for a median rent of S$1,400. This was the same median price seen in three-room flats in Woodlands. Two-room units in Bukit Merah and three-room ones in Bukit Panjang and Yishun were the next most affordable at S$1,500.
In the first half of the year, HDB offered 11,373 flats for sale, including 7,634 Build-To-Order (BTO) flats. In August, HDB will offer another 4,300 BTO flats in Punggol and Yishun. A re-offer of balance flats exercise will also take place.
The public can visit the HDB InfoWEB for more information on the BTO flats.
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