22 Jul '11, 6am

Prices of HDB resale flats up a steeper 3.1% in Q2

Prices of HDB resale flats up a steeper 3.1% in Q2

SINGAPORE: Prices of HDB resale flats rose a steeper 3.1 per cent in the second quarter compared to the 1.6 per cent increase seen in the first quarter. The number of transactions rose by about 6 per cent to some 6,600. The median Cash-Over-Valuation (COV) has also risen. The COV for a 5-room flat in Bishan was S$50,000. In Toa Payoh it was S$70,000. Explaining the steeper increase, key executive officer of ERA Realty Network, Mr Eugene Lim, said the number of resale flats put up for sale had fallen when demand continues to be strong. This is because private property prices, in particular mass market condo prices, have increased beyond the reach of many HDB dwellers who had intended to upgrade. He said demand is coming from both upgraders and downgraders, as well as PRs and private property owners who have cashed out. Mr Lim said prices and COVs are expected to continue in...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

Tweets

Prices of HDB resale flats increase by 3.1% in Q2

Prices of HDB resale flats increase by 3.1% in Q2

straitstimes.com 22 Jul '11, 7am

Prices of Housing Board (HDB) resale flats rose 3.1 per cent in the second quarter compared to the first, according to off...

Time to impose restrictions on PRs buying resal...

temasekreview.com 22 Jul '11, 12pm

liberte: July 22, 2011 at 9:23 pm liberte(Quote) S$300k can buy you a nice detached house in france with garage and big ga...

HDB resale prices to stabilise in 3 to 5 years

todayonline.com 25 Jul '11, 2am

SINGAPORE - It could take another three to five years - when the supply of new Build-To-Order flats are completed - before...

Years to correct supply-demand imbalance for HDB flats: Khaw

Years to correct supply-demand imbalance for HD...

channelnewsasia.com 24 Jul '11, 9am

SINGAPORE: National Development Minister Khaw Boon Wan said it will take 3 to 5 years to "substantively resolve" the probl...

Our reader says HDB should do away with the fla...

straitstimes.com 25 Jul '11, 1am

AFTER many tries, I finally managed to get a flat recently. So I fully understand the anguish and disappointment of people...

Prices for new BTO flats not falling: Minister ...

sg.news.yahoo.com 19 Jul '11, 7am

After raising eyebrows with BTO flats launched at lower prices than previous launches last week, PAP Housing Minister Khaw...

HDB COV data could be misleading, rising resale prices to stabilise in 3 to 5 years : Khaw

HDB COV data could be misleading, rising resale...

straitstimes.com 25 Jul '11, 2am

Mr Khaw Boon Wan meeting Mr Ridae Dahlan, 67, yesterday. The National Development Minister was going door-to-door to distr...

Yahoo Q2 2011 Report: Revenue Hurts While Incom...

searchenginewatch.com 21 Jul '11, 10pm

Yahoo's second quarter report doesn't look pretty at first glance: GAAP revenue is down 23 percent. However, the operating...

HDB's combined BTO launch offers 3,600 flats

straitstimes.com 14 Jul '11, 9am

The Housing Board (HDB) on Thursday launched 3,600 new flats across seven locations in one of its bigger sales exercise in...

Monsanto-Super Weeds Raising Food Prices

organicconsumers.org 22 Jul '11, 11pm

For related articles and more information, please visit OCA's Genetic Engineering page , and our Millions Against Monsanto...