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


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