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(C) HDB resale transactions in June
While the private property prices appeared to have peaked, the HDB resale prices are boarding a north-bound train – going up. In the flash estimate of Q2 2008, which HDB recently released, it showed that the resale prices had increased 4.4% over Q1 2008. This is slightly higher than the 3.7% increase in Q1 2008.
- (C.1) Both HDB resale volume and prices inched up
The HDB resale market had a better showing this June with 79 more resale transactions over last month. The bigger flat types did slightly better than last month, especially E-flats which have been on a steady climb since February this year. However, prices of E-flat have moderated somewhat probably due to the weakness in the private property sector and more realistic demands from the sellers.
This means that the increase in HDB resale prices have come from other flat types. This may mean that demand for resale flats remains strong while supply remains constant. The table below shows the monthly total transactions since January 2008.
When transactions remain stable over a period of time such as from April to June, resale prices have edged up. It means that, on the average, the demand over the existing supply has increased.
Table [3] – HDB resale flat transactions in June 2008
|
3-room |
4-room |
5-room |
E-Flats |
Total for June 2008 |
Ang Mo Kio |
75 |
30 |
15 |
2 |
122 |
Bedok |
52 |
38 |
22 |
4 |
116 |
Bishan |
4 |
23 |
16 |
4 |
47 |
Bt Batok |
37 |
42 |
10 |
7 |
96 |
Bt Merah |
41 |
44 |
21 |
0 |
106 |
Bt Panjang |
12 |
36 |
26 |
9 |
83 |
Bt Timah |
1 |
4 |
1 |
1 |
7 |
Central Area |
6 |
7 |
0 |
0 |
13 |
Choa Chu Kang |
5 |
45 |
31 |
11 |
92 |
Clementi |
27 |
22 |
7 |
1 |
57 |
Geylang/Aljunied |
34 |
16 |
9 |
4 |
63 |
Hougang |
24 |
59 |
19 |
16 |
118 |
Jurong East |
18 |
13 |
17 |
4 |
52 |
Jurong West |
44 |
88 |
54 |
13 |
199 |
Kallang Whampoa |
36 |
12 |
13 |
3 |
64 |
Marine Parade |
6 |
3 |
6 |
0 |
15 |
Pasir Ris |
0 |
27 |
22 |
22 |
71 |
Punggol |
0 |
16 |
48 |
4 |
68 |
Queenstown |
37 |
7 |
8 |
1 |
53 |
Sembawang |
0 |
20 |
30 |
10 |
60 |
Sengkang |
0 |
33 |
61 |
12 |
106 |
Serangoon |
13 |
26 |
7 |
9 |
55 |
Tampines |
41 |
61 |
39 |
21 |
162 |
Toa Payoh |
34 |
19 |
12 |
4 |
69 |
Woodlands |
25 |
92 |
66 |
26 |
209 |
Yishun |
56 |
71 |
24 |
4 |
155 |
Total |
628 |
854 |
584 |
192 |
2,258 |
source of info – HDB inforweb
Table [4] –Comparison of monthly total HDB resale transactions from January to June 2008
|
3-room |
4-room |
5-room |
E-Flats |
Total |
June 2008 |
628 |
854 |
584 |
192 |
2,258 |
May 2008 |
638 |
816 |
544 |
181 |
2,179 |
April 2008 |
664 |
909 |
602 |
164 |
2,339 |
March 2008 |
613 |
806 |
569 |
162 |
2,150 |
February 2008 |
635 |
768 |
495 |
146 |
2,044 |
January 2008 |
680 |
837 |
597 |
192 |
2,306 |
Source of info – HDB inforweb |
