The number of HDB resale flats sold fell by 4.3 per cent in April, according to flash data released on Thursday. Read more at straitstimes.com.
SINGAPORE - Fewer Housing Board resale flats changed hands in April as prices inched up by 1.1 per cent.
“The stronger price growth and robust sales indicate that the resale market remains resilient despite September 2022 cooling measures. The temporary cooling measure, aimed at moderating demand from private home owners who tend to have a bigger budget for HDB flats, was introduced after the market showed growing signs of overheating.Mr. Luqman Hakim, chief data & analytics officer at 99.co, said the rise in resale prices could be contributed by more demands from tenants who have decided to buy resale HDB flats as rent prices remain high.
“Furthermore, homebuyers who want to buy family-size homes with bigger space, but have financial constraints, will seek out the larger HDB resale flats. This led to a faster price expansion for the bigger flats,” said Mr Mak.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
7 unique layout ideas for a 5-room point block HDB flatsCongratulations. You've bought your five-room HDB flat in a housing market where prices only seem to go in one direction (which is up). Now comes the fun (or hard part, depending on which side of the fence you sit on) part — renovating the space. Depending on the layout of the flat, you will be surprised at just how much...
Read more »
Burst PUB pipe floods newly renovated HDB unit just as family was about to move in - Singapore NewsMP asks HDB to provide temporary accommodation for the family
Read more »
7 unique layout ideas for a 5-room point block HDB flatCongratulations. You've bought your five-room HDB flat in a housing market where prices only seem to go in one direction (which is up). Now comes the fun (or hard part, depending on which side of the fence you sit on) part — renovating the space. Depending on the layout of the flat, you will be surprised at just how much...
Read more »
South Korea factory activity shrinks in April, marks longest downturn in 6 yearsSEOUL: South Korea's factory activity shrank for a 10th consecutive month in April and for its longest streak in six years, a survey showed on Tuesday (May 2), underlining the weak global demand conditions that continue to undercut the domestic economic recovery. The S&P Global's seasonally adjusted pu
Read more »
Indonesia's April annual inflation at 4.33%, below forecastJAKARTA : Indonesia's consumer price index in April rose 4.33 per cent annually, data from the statistics bureau showed on Tuesday, slowing from 4.97 per cent in March and slightly below expectations. The annual inflation came slightly below the 4.39 per cent predicted in a Reuters poll. On a monthly basi
Read more »
Global companies by market cap: Tesla fell most in AprilTesla Inc was the biggest loser among top companies by market capitalisation in April, hit by disappointing quarterly earnings after it posted the lowest quarterly gross margin in two years. Tesla's market cap dropped to $520.7 billion at the end of April from $657.5 billion in March, a 20.8 per cent dec
Read more »