Regular 3-year increase in resale HDB flat prices

Regular 3-year increase in resale HDB flat prices. Reduced resale HDB level costs have brought purchasers back into the market as resale quantity climbed 6.1% in 2015. In fact, the variety of resale HDB apartments marketed have climbed continually over the last 3 years. 22,077 resale flats traded hands in 2017. 17,318 systems were offered in 2014, 19,306 in 2016 and 20,813 in 2016.

Though costs have yet to take place the rebound, it declares sentiments around. Some analysts are reaching to say that 2018 might be the year costs of HDB apartments quit dropping. With 2018 as the starting factor, there are expectations for HDB prices to climb 1% to 2% by the end of the year.

Component of the industry confidence originates from HDB having halved the resale deal duration. This new relocation might speed up the resale procedure and enable more flats to trade hands within the exact same time period. 2018 might see 22,000 to 24,000 resale apartments trading hands.

3,600 brand-new apartments planned for HDB launch in February. The rental market can additionally see a spike as those that are displaced from the countless cumulative sales of HUDC estates in 2014 will additionally be searching for new houses. Though there are brand-new private household units in the marketplace for the taking, several could still favor the larger-sized systems in mature HDB estates.

Next month, HDB will introduce 3,600 brand-new BTO apartments in Choa Chu Kang, Geylang, Tampines as well as Woodlands. While this may take some attention away from the resale market, HDB level seekers who are a lot more concerned concerning place than cost could still decide to buy resale. Please visit us at