HDB resale prices slip 0.3% in Q3
HDB resale prices slipped 0.3 per cent in the third quarter compared to the second quarter, marking a ninth consecutive quarter of decline.
Resale transactions fell by 7.4 per cent quarter-on-quarter to 4,893, according to the third quarter statistics from the Housing & Development Board (HDB).
The number of applications approved for subletting of HDB flats fell by 4.7 per cent to 10,018 cases in the third quarter.
In the first half, HDB offered 8,039 build-to-order (BTO) flats and 5,387 balance flats.
Next month, HDB will offer about 7,000 BTO flats in Bidadari, Bukit Batok, Choa Chu Kang, Hougang, Punggol Northshore, and Sengkang. An additional 5,000 flats will be offered in a concurrent sale of balance flats exercise.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
FLASH: Singapore office rents in central region fall 1.7 per cent in Q1 over Q4: URA
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC