Category Archives: HDB

HDB resale prices soar 3.6%

Posted on 23 Oct 2009 | Comments Off on HDB resale prices soar 3.6%

PRICES of HDB resale flats hit another record high in the third quarter, jumping 3.6 per cent over the second quarter.
Prices of resale HDB flats saw an increase of 3.6 per cent. — ST PHOTO: DESMOND WEE

This is higher than HDB’s estimate earlier this month of a 3.2 per cent increase, and comes after HDB resale prices rose 1.4 per cent in the second quarter over the first quarter.

The final third-quarter figures, released by the HDB on Friday, also showed that the number of resale transactions went up 14 per cent between June and September, to 11,649. Continue reading →

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URA and HDB should study this trend

Posted on 23 Oct 2009 | Comments Off on URA and HDB should study this trend

‘Mickey mouse’ flats

‘URA and HDB should study this trend and its implications for the floor areas of future HDB and private flats.’

MR LOO FOOK KAY: ‘The growing trend of shoebox apartments is the result of growth of income lagging behind the growth of assets like real estate (‘Buyers pounce on ‘mickey mouse’ flats‘, Sunday). URA and HDB should study this trend and its implications for the floor areas of future HDB and private flats. In my opinion, shoebox apartments are a sign of prosperity plus inflation in real estate prices. Other shoebox cities like Hong Kong and Tokyo are all prosperous.’

Source : Straits Times – 23 Oct 2009

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