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Annex A
New home loan applications went up but took a break in August
According to the Credit Bureau (S) Pte Ltd, the number of new home loan applications surged this year. In May alone, there were 17,323 such applications.
Since the start of the market boom in 2005, there have been 10,000 new home loan applications every month, out of which an average of 4,000 applications would be approved each time.
In May, a total of 4,856 applications were approved. This was a direct result of more new home transactions.
In June, 4,794 new home loan applications were approved out of a total of 16,017 applications. The number of new home loan applications fell to 13,870 in August in tandem with the unveiling of the US sub-prime market problems in the July/August period.
Overall, property loan approvals jumped 12% in June 2007 to 50,514 compared with the same time period in 2006. (13 Sept 2007)
Annex B
Number of new homes to come on stream
Excerpt of expected supply of private homes |
|
Type of property |
2007 |
2008 |
2009 |
2010 |
Total |
3,899 |
6,579 |
15,846 |
16,727 |
Under construction |
3,899 |
6,257 |
10,229 |
5,284 |
Planned |
- |
322 |
5,617 |
11,443 |
Written permission |
- |
279 |
3,828 |
5,067 |
Provisional permission |
- |
43 |
1,789 |
6343 |
Others |
- |
|
|
33 |
Annex C
Sub-sale percentage to overall sale of private residential properties
|
New sales |
Sub-sale |
Resale |
Total |
Sub-sale as % of total |
Period |
Uncompleted |
Completed |
Sub-total |
|
|
|
|
1st quarter 07 |
4,565 |
218 |
4,783 |
749 |
4,645 |
10,177 |
7.4 |
2nd quarter 07 |
4,820 |
309 |
5,129 |
1,254 |
6,514 |
12,897 |
9.7 |
Annex D
|
Rental index |
% change over previous Q |
|
First quarter 2007 |
Second quarter 2007 |
First quarter 2007 |
Second quarter 2007 |
All Residential |
113.8 |
125.6 |
7.6 |
10.4 |
Detached |
108.2 |
116.4 |
5.0 |
7.6 |
Semi-detached |
110.1 |
118.0 |
4.0 |
7.2 |
Terrace |
107.2 |
118.1 |
6.5 |
10.2 |
Non-landed property |
115.0 |
127.6 |
8.1 |
11.0 |
Core central |
120.3 |
134.7 |
7.6 |
12.0 |
Rest of central |
114.4 |
125.8 |
9.8 |
10.0 |
Outside central |
101.6 |
111.1 |
7.1 |
9.4 |
Annex E
HDB Resale Transaction up to August 2007
|
August |
July |
June |
May |
1-Room |
2 |
1 |
0 |
2 |
2-Room |
23 |
22 |
15 |
19 |
3-Room |
704 |
664 |
586 |
650 |
4-Room |
868 |
835 |
843 |
796 |
5-Room |
735 |
620 |
592 |
528 |
Executive |
217 |
242 |
212 |
187 |
Multi G |
4 |
1 |
2 |
1 |
Total |
2,553 |
2,385 |
2,250 |
2,184 |
|
April |
March |
February |
January |
1-Room |
2 |
1 |
0 |
3 |
2-Room |
20 |
11 |
20 |
17 |
3-Room |
635 |
358 |
576 |
673 |
4-Room |
807 |
460 |
757 |
866 |
5-Room |
479 |
288 |
443 |
550 |
Executive |
145 |
98 |
159 |
204 |
Multi G |
1 |
1 |
3 |
0 |
Total |
2,089 |
1,217 |
1,958 |
2,313 |
Sub-total from January to August 2007 = 16,949 transactions
Sub-total from January to August 2006 = 18,763 transactions
Whole year resale transactions in 2006 were 27,705 flats.
Some of the plausible reasons to explain the growing interests in HDB resale flats include the worsening of the US sub-prime market situation and en bloc sale sellers buying into larger HDB resale flats, as more and more en bloc sale projects nearing legal completion.
Annex F
Price comparison From January 2006 to August 2007
(1) Ang Mo Kio – 3-room flats (Table A)
PRICE |
January 2006 |
January 2007 |
August 2007 |
Lowest |
$147,000 (Blk 561 / LF) |
$152,000 (Blk 538 / LF) |
$152,000 (Blk 538 / LF) |
Highest |
$195,000 (Blk 576 / HF) |
$216,000 (Blk 346 / HF) |
$265,000 (Blk 637 / HF) |
*LF = Low Floor **HF = High Floor
In August 2007, out of the 50 three-room flats sold in Ang Mo Kio estate, 28% of the transactions were done at the higher price bracket. The details are as follows:
Percentage share of flats sold (Table B)
Units sold |
Price level |
14 (28%) |
$200,000 & above |
4 (8%) |
$190,000 & above |
15 (30%) |
$170,000 - $180,000 |
17 (34%) |
From $152,000 - $169,999 |
Total: 50 units |
|
Tampines – Executive Apartments (Table C)
PRICE |
February 2006 |
January 2007 |
June 2007 |
Lowest |
$336,000 (Blk 943 / HF) |
$345,000 (Blk 328 / LF) |
$372,000 (Blk 328 / LF) |
Highest |
$388,000 (Blk 893A / HF) |
$466,000 (Blk 856 / HF) |
$465,000 (Blk 856B / HF) |
*LF = Low Floor **HF = High Floor
Comparing the highest price in the beginning of 2006 with the highest in June 2007, the sale price of Executive Apartments in Tampines has increased by $78,000 in the highest bracket.
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