25 Jul '14, 7am

HDB resale volume up but prices fall - Singapore Property

Subletting transactions dropped slightly by 0.4 percent from 8,485 to 8,455 cases. Flats in Queenstown, Bukit Merah and the central areas are among the highest median rent registered. The total number of HDB flats approved for subletting increased slightly by 0.8 percent from 46,637 to 47,015 units. Notably more two, three and four room flats were rented out this quarter. In H2 2014, HDB will offer 12,700 BTO flats, as well as about 3,000 balance flats in a Sale of Balance Flats (SBF) exercise in November 2014. PropNex predicts the imminent increased supply of HDB resale homes from owners collecting the keys to their new BTO flats and private properties will add further pressure on resale prices, even though transaction volume may also improve slightly due to the lower asking prices of sellers. “This will be a quiet year for the HDB resale market, similar to 2013 which had...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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