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📈 Q3 2024 HDB Resale Market Highlights 📈1️⃣ Resale Prices Rise - HDB resale prices increased by 2.7% in Q3, slightly ab...
28/10/2024

📈 Q3 2024 HDB Resale Market Highlights 📈

1️⃣ Resale Prices Rise
- HDB resale prices increased by 2.7% in Q3, slightly above earlier estimates. This marks strong, continued growth in Singapore’s housing market.

2️⃣ Transaction Volume Surge
- Resale transactions jumped 10.7% from Q2 to 8,142 cases, the highest quarterly volume since 2021.

3️⃣ Affordable Options Remain
- Over 77% of resale flats sold under S$750,000, with the majority priced between S$500,000 and S$750,000, providing affordable options for buyers.

4️⃣ Factors Driving Demand
- Demand is partly due to private home downgrades and fewer flats meeting the Minimum Occupation Period (MOP) in 2024.

5️⃣ Outlook for Q4
- Experts predict a slight dip in activity in Q4 due to year-end holidays but expect a stable market with resilient resale prices and potential 7–8% annual growth.

👉 Interested in the latest HDB resale trends? Follow us for regular property insights!

HDB Resale Market Update Q3 2024Prices Up 2.5%: HDB resale prices rose 2.5% in Q3, slightly higher than the 2.3% growth ...
10/10/2024

HDB Resale Market Update Q3 2024

Prices Up 2.5%: HDB resale prices rose 2.5% in Q3, slightly higher than the 2.3% growth in Q2. Prices have been rising since Q2 2020.

More Flats Sold: 8,035 resale flats were sold in Q3 2024, a 9.3% increase from Q2 and 20% higher than the same period in 2023.

Million-Dollar Flats: A record 328 resale flats were sold for over $1 million, bringing the total for 2024 to 747—surpassing 2023’s total of 469.

Demand Drivers: Strong demand and fewer flats reaching their Minimum Occupation Period (MOP) contributed to rising prices. Some buyers are upgrading to larger flats, while others prefer HDB resale flats for their affordability amid high private property prices.

What’s Next: Sales may slow in Q4 due to the year-end holiday season.

Source: The Straits Times

🏡 Bidadari 5-Room HDB Sets Record with S$1.2 Million Resale Price!A 5-room HDB flat at Alkaff Vista, Bidadari Park Drive...
21/09/2024

🏡 Bidadari 5-Room HDB Sets Record with S$1.2 Million Resale Price!

A 5-room HDB flat at Alkaff Vista, Bidadari Park Drive, has just fetched a record-breaking S$1.2 million in the resale market after meeting its Minimum Occupation Period (MOP). The flat, located on a mid-level floor, spans 1,216 sq ft and offers 95 years remaining on its lease. With its prime location near Woodleigh and Potong Pasir MRT stations, as well as shopping and schools, it’s no surprise that this property set a new benchmark for the estate!

💡 Did you know? A newly MOP-ed 4-room HDB flat in Ang Mo Kio also sold for over S$1 million, bringing its owners an impressive profit of more than S$600,000!

All You Needa Know About HDB Loan!Buying your first home? Or taking on a second HDB loan? Keep yourself updated on the c...
05/09/2024

All You Needa Know About HDB Loan!

Buying your first home? Or taking on a second HDB loan?
Keep yourself updated on the criteria!

Have questions? Drop us a DM .sg & we will connect you to a Real Estate Professional!


Another record-breaking sale in Kallang/Whampoa! An executive apartment on Bendemeer Road has just sold for an impressiv...
04/09/2024

Another record-breaking sale in Kallang/Whampoa!

An executive apartment on Bendemeer Road has just sold for an impressive S$1.318M, making it the highest transaction in the estate’s history. This spacious 1,572 sqft unit on the 19th-21st floors fetched S$838 psf, reflecting the growing demand for large, high-floor homes in the area. With amenities, schools, and MRT stations nearby, it’s no wonder prices are climbing.

Curious about your home’s value?
DM us .sg to find out!

[Common Misconception Among Homeowners]Do i return my housing grants to the government when I sell my flat? Answer is NO...
24/08/2024

[Common Misconception Among Homeowners]

Do i return my housing grants to the government when I sell my flat?
Answer is NO!

Read to find out!

The Government has moved to cool the HDB resale market and provide more support to eligible first-time home buyers.1. TI...
21/08/2024

The Government has moved to cool the HDB resale market and provide more support to eligible first-time home buyers.

1. TIGHTER HDB LOAN LIMIT
• The loan-to-value (LTV) limit for HDB loans will be lowered from 80% to 75% from Aug 20, 2024
• This brings the LTV limit for HDB loans in line with loans granted by financial institutions, which remain capped at 75%

2. INCREASE IN ENHANCED CPF HOUSING GRANT (EHG)
• EHG provides support for lower- to middle-income households buying new or resale flats as their first home
• The maximum quantum of EHG grants will be raised to $120,000 for families, and $60,000 for singles
• Currently, it is up to $80,000 and $40,000 respectively
Sources: MND, HDB

🔔 Welcome to your new hub for everything HDB in Singapore! Whether you’re on the hunt for your first home or looking to ...
17/08/2024

🔔 Welcome to your new hub for everything HDB in Singapore! Whether you’re on the hunt for your first home or looking to stay ahead of the curve in the property market, we’ve got you covered. From the latest HDB news to expert tips and deep dives into the property scene, this is the place where you’ll find it all.

Follow us to stay updated, get inspired, and make your homeownership dreams a reality. Let’s turn those HDB keys into something magical! 🏡✨

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