HDB Resales Market Hot: Price Up 4.5% in 2Q 2008: Resale Transactions rose 22% & Sublet rose 15%: HDB Sublet Rent Rose 20%: Singapore Property Market Outlook

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Condo Search's comment..
I just drop by to say "thank you" for your excellent blog, and safe me from committing at a high price and wrong time buying. It helps me a small property hunter(with hard earning money) and others(i believed)a better inform. Thank you again...

Young Buyer's comment...
I've just graduated and started working, and I hope to own a residential property in Singapore after 2010/2011. So I'm starting to do my Singapore property research now. I have never come across such a comprehensive coverage on the Singapore property market, and I thank you for enlightening readers like me who want to know more :) Keep up the good work!

Honest's comment...
Your blog has provided a honest information on the local property scene.

Young Expat's comment...
i am an overseas expat who moved to singapore a year ago and started looking out recently for property to buy as rentals started to rise all around me..i was advised to follow ur forum and since then have been impressed with all the wonderful tips exchanged in this portal..thanks to all the contributors.
(Smart Buyer, the blogger here, would like to say many thanks to all these unsung heroes too)

Red's comment...
I think your reply give a rational explanation on my question. You are indeed a smart buyer and very knowledgeable.

Anonymous's comment...
Whoever you are, thanks for the public service by starting this blog. Great Info!!!

Kate's comment...
This is a great blog filled with latest news, historical insights and good opinions that gives direction. Not the sitting on the fence type of 'pc' opinions. I love this blog. Please keep up the good work! You are really doing Singaporeans a big favour! Thank you!! I will keep on reading.

Phantasia's comment ...
Hi smart buyer, Just wanna say thanks for your response to my query earlier in another post. And also for the very informative blog! Have learnt much from your postings! Thanks for sharing.

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Friday, July 25, 2008

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HDB Resales Market Hot: Price Up 4.5% in 2Q 2008: Resale Transactions rose 22% & Sublet rose 15%: HDB Sublet Rent Rose 20%

HDB's 2nd Quarter 2008 Public Housing Data shows that the HDB resales market remains strong. Resale Price Index (RPI) up 4.5% compared to the 3.7% increase for the previous Quarter of 2008. The strong demand for HDB flats was reflected in the rise in resale transactions, from about 6,360 cases in Q1 '08 to about 7,760 cases, an increase by about 22%; and subletting transactions increase of about 15% to about 4,120 cases in the second quarter from about 3,580 cases in the first quarter. The rental data also shows that HDB sublet rent rose by as much as 20% for some HDB estates e.g. in Toa Payoh, 4 rm rent was 1.78K in 1Q, rose to 2.1K in 2Q which gives an increase of ~20%.

May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
When to Buy, When Not to by
Property Price Index Graph Plotter & Online Property Valuation
Your Property Investment Determines Your Financial Success in Your Life
HDB Resales: West Sees Highest Price Increase

For Prudent Investors & Home Buyers

Friday, July 25, 2008

HDB Resales Market Hot: Price Up 4.5% in 2Q 2008: Resale Transactions rose 22% & Sublet rose 15%: HDB Sublet Rent Rose 20%

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