Resale level costs inside non-mature estates increased 0.9 percent

Christine Sun, head of consultancy and research in OrangeTee and Tie, blamed the increase in costs to”more apartments reaching their last-minute job period in non-mature estates, and such apartments have the ability to command great prices given their fresher rents and newer merchandise layouts”.

For this, she anticipates overall costs to”stay flat for the remainder of the year, trending between 0 to -1 per cent for the whole of this season”.

HDB resale quantity in September fell 4.9 percentage month-on-month and 6.3 percent year-on-year to 1,875 units.

Check out OLA Anchorvale Sengkang price for more buying details.

Sun clarified that the month-on-month drop in trade seems to be a seasonal decrease since the amount of prices enrolled in September for the previous 3 decades also have dipped.

A four-room unit in The Pinnacle @ Duxton plus a 34-year older executive maisonette in Bishan enrolled the greatest grossing cost attained for a resale flat in September at $1.04 million.

“Resale flats are now more appealing to a buyers given the current policy changes like improving the home grants and enabling buyers to utilize greater Central Provident Funds currencies to purchase HDB apartments,” said Sun.

“But we’ve noticed more vendors increasing their asking prices following the policy changes, which might slow down the rate of sales increase in the forthcoming months.”

With HDB resale statistics demonstrating that over 15,000 resale apartments are marketed during the first eight weeks of this year, OrangeTee and Tie hopes to see between 22,000 and 24,000 resale trades for the entire of 2019.