HDB resale prices fell slower than private homes in Q3
By Tan Chee Yuen
/ The Edge Property |
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Prices of resale HDB flats slipped 0.3% quarter-on-quarter (QoQ) in 3Q2015, according to flash estimates by HDB. This is smaller than the 0.4% decline seen between 1Q2015 and 2Q2015 (see Table 1 and Figure 1).
HDB will roll out about 7,000 Build-To-Order flats in Bidadari, Bukit Batok, Choa Chu Kang, Hougang, Punggol Northshore, and Sengkang in November this year. Another 5,000 flats will be offered in a concurrent Sale of Balance Flats exercise.
Separately, prices of private residential properties fell for the eighth consecutive quarter by 1.3% QoQ in 3Q2015 (see Figure 2a). This was steeper than the 0.9% decline in previous quarter. Prices of non-landed homes fell in all market segments. Those in Outside Central Region or mass market segment fell the most by 1.6% in 3Q2015, more than the 1.1% seen in 2Q2015.
In the Core Central Region (CCR) or high-end segment, prices declined by 1.3%, larger than the 0.6% seen in 2Q2015. Over in the Rest of Central Region (RCR) or city fringe areas, prices fell by 1.5%, compared with the 0.6% decline in 2Q2015 (see Figure 2b).
Table 1: HDB Resale Price Index
Source: HDB
Figure 1: HDB Resale Price Index
Source: HDB
Figure 2a: Private Residential Property Index
Source: URA
Figure 2b: Property price index of non-landed private residential property
Source: URA
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