Property
HDB Resale Price Index Subdued Increase, Resale Applications Brisk Growth
By Property Buyer  •  July 31, 2013
HDB flash estimate, released on 1 July, has been spot-on. The actual figure unveiled today corresponds perfectly with the estimate. The resale price index has risen by 0.5% from 205.5 in the preceding quarter to reach 206.6 in 2nd Quarter 2013. The growth is below that for 1st Quarter 2013 when the index jacked up by 1.3% over the previous quarter. And it is also the lowest since 1st Quarter 2009, when the index declined quarter-on-quarter. In the 1st Quarter 2009, the index dropped by 0.79% to arrive at 138.3 from 139.4 in the 4th Quarter 2008.

Table 1: HDB Re-sale Price Index

Price Index

Q-o-Q % Change

2Q'13

206.6

0.5%

1Q'13

205.5

1.3%

4Q'12

202.9

2.5%

3Q'12

197.9

2.0%

2Q'12

194.0

1.3%

1Q'12

191.6

Source: HDB Sale figures for resale flats showed positive growth after falling for three consecutive quarters. Transactions soared by 21% from 4,335 cases in 1st Quarter 2013 to 5,235 cases in 2nd Quarter 2013.

Table 2: HDB Resale Flats Transactions

No. of Resale Applications

Q-o-Q % Change

2Q'13

5,235

20.8%

1Q'13

4,335

-23.0%

4Q'12

5,632

-14.1%

3Q'12

6,560

-6.4%

2Q'12

7,011

19.0%

1Q'12

5,892

Source: HDB Subletting activities, however, rose modestly by 6% from 7,410 cases in the preceding quarter to 7,891 cases in 2nd Quarter 2013. The total number of HDB flats approved for subletting rose 1.0% from 44,274 units in 1st Quarter 2013 to 44,706 units in 2nd Quarter 2013. Copyright ® - All articles are the copyright of www.propertybuyer.com.sg and CoreConcept Systems Pte Ltd and the company reserves full rights to use, reuse in any form or in any media with or without attributing authors or supplanting the name of one author with another.
About Property Buyer http://www.PropertyBuyer.com.sg/mortgage We are a research-focused Singapore mortgage consultancy which helps you compare Singapore home loans either for new loans or refinancing. We use loan reports from Singapore's best loan analysis system (exclusive to us) at http://www.icompareloan.com/consultant/ to serve our customers. Our services are completely FREE to you as the banks pay us a referral fee upon loan disbursement.
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