PURCHASE OF RECESS AREA. Still unsure about where to begin? The … This service enables you to check past 2-year transacted prices within 200 metres from any HDB Block or DBSS Site/Project. Bukit Merah (Tiong Bahru) Number of $1 million HDB flats in 2020: 12. HDB transaction volume. The highest transacted price unit in the non-mature estate is a 5 room DBSS sold at $810,000 at Parkland Residences. Find out more about the streamlined resale process with the HDB Resale Portal. The Chinese New Year festival is a traditional lull period for real estate activities. It is now the second-most expensive HDB resale flat on record, just shy of the top spot of $1.258 million for a five-room flat at Pinnacle@Duxton in September last year. The number of Housing and Development Board (HDB) flats sold in the resale … You can also check past HDB resale transacted prices (up to 2 years) by flat type and town/ street with our Resale Flat Prices service. Can I buy a HDB resale flat without a agent? The approximate floor area includes any recess area purchased, space adding item under HDB’s upgrading programmes, roof terrace, etc. Get the information you need for any business involving HDB homes, properties, commercial spaces, or land under our management. RPI has a value of 100 in 1st quarter 2009. More than homes, our HDB towns are vibrant places to enjoy to the fullest. resale of part shares, resale between related parties, cases under the Conversion Scheme, resale of terrace flats, converted flats, and HUDC flats. Here are the notes and legends for the symbols used in the following tables: The data excluded transactions that may not accurately reflect the market price, i.e. The RPI tracks the overall price movement of the public housing market. You can also check past HDB resale transacted prices (up to 2 years) by flat type and town/ street with our Resale Flat Prices service. Arrow down icon Find out more Financial Planning Tools. you can use our elegant property search tool to find the right New HDB BTO Launch or resale 1-room flat, 2-room flat, 3-room flat, 4-room flat, 5-room flat, jumbo HDB, executive apartment, maisonette HDB, multi-generation HDB and HDB terrace with detailed information, including maps and photos. The median prices of these cases are not shown as they may not be representative, The data excluded transactions that may not accurately reflect the market price, i.e. Use our HDB Map Services to get past resale transacted prices for specific locations, for example, in a particular block or street. It is calculated using resale transactions registered across towns, flat types, and models. Topping the list is a Bishan DBSS unit located at Bishan Street 24 (again) priced at $1,250,000. There is so much in place for you to bond with your neighbours and create an active and cohesive community. Pay the Option Exercise Fee. Transact with us at your convenience. The following table shows the median resale prices by town and flat type for resale cases registered in the 1st quarter of 2021: Total number of resale applications registered sorted by quarter and flat type, RPI for 1st Quarter 2020 to 1st Quarter 2021. HDB resale flats are sold by existing HDB flat owners. Bedok. HDB Resale Volume Overall Nov 2020 A 5 room unit at The Pinnacle @ Duxton achieved the highest transacted price at $1,248,000 for November 2020 resale flat. Browse Tampines HDB estate for the most complete information on Tampines HDB estate with transaction history, HDB resale, HDB flat for sale and for rent at Tampines To comply with GDPR we will not store any personally identifiable information from you. You can find out more about the types of HDB car parks, important car park information, and parking offences. Resale transacted prices within 200 metres from any HDB Block or DBSS Site/Project Resale transacted prices for all flat types in each block All other related information to the block (EIP/SPR Quota, Upgrading Programmes and Distance Enquiry for CPF Housing Grant) The data is based on registered resale applications and is updated daily. Last month, a transaction in Punggol came fairly close as a nine-year-old premium flat was sold for $910,000, showed OrangeTee & Tie’s HDB Market Pulse Q1 2021 report. The base period is the 1st quarter of 2009, i.e. HDB resale transactions down 7% in Q1, prices remain flat. HDB Model Price($) Location Transaction Date (2I) S$ 220,000: Blk 161, Lorong 1 Toa Payoh: 2021 - February (2S) S$ 220,000: Blk 120, Lorong 2 Toa Payoh: 2021 - January It is possible to do so, provided that you are very well-versed with … If you intend to apply for the Enhanced Contra Facility (ECF), you’ll need to indicate it in the resale application. HDB Resale Portal: a Step-by-Step Guide As of 1st January 2018, those buying and selling second-hand public housing are required to use the HDB Resale Portal to conduct their transaction. $40 for 1 & 2 room flats, $80 for 3 room & larger flats. The base period is the 1st quarter of 2009, i.e. You and the sellers must use the HDB-prescribed Option to Purchase (OTP) as the form of contract in the resale transaction. This service enables you to check the transacted prices for resale flats within the past 2 years. Enjoy a faster and easier resale transaction with the HDB Resale Portal. According Q1 2021 HDB resale statistics, there has been an increase in HDB resale purchases – a total of 7,581 resale applications were made which is almost 29% higher than Q1 2020.. The data is based on registered resale applications and is updated daily. Completing the process has never been easier. Singapore HDB flat resale transactions in last 10 years. In the two months, 447 flats were transacted in Sengkang while 446 flats were transacted in Punggol. The data is based on registered resale applications, and is updated daily. Fewer Housing and Development Board (HDB) flats were sold in the resale market in … Indices from 1st quarter 1990 to 3rd quarter 2014 are re-scaled using a factor of 100 (new index in 1st quarter 2009)/ 138.3 (original index in 1st quarter 2009) multiplied on the original index level to derive the re-based index level for the respective quarters. The Housing & Development Board (HDB) is Singapore's public housing authority and a statutory board under the Ministry of National Development. HDB intent to sell is done by … Please click the "Accept" button if you agree and accept the, You can also check the resale transacted prices using the, Resale transacted prices within 200 metres from any HDB Block or DBSS Site/Project, Resale transacted prices for all flat types in each block, All other related information to the block (EIP/SPR Quota, Upgrading Programmes and Distance Enquiry for CPF Housing Grant). Just slightly outside central … Past years' data from 1990 onwards is available at. Since we didn’t want to wait years for a house – I would be over 30 by the time the building was ready – resale over BTO was a clear choice with their shorter waiting times and variety of locations. In January and February this year, 447 flats were transacted in Sengkang, this is the highest for a HDB town (Photo: Samuel Isaac Chua/The Edge Singapore) SINGAPORE (EDGEPROP) - HDB resale flats in mature estates that are near top primary schools and shopping malls have been traditionally more popular. It is calculated using resale transactions registered across towns, flat types, and models. 6.1 If there is a recess area space fronting the flat available for sale, … RPI has a value of 100 in 1st quarter 2009. Read the details in the following sections. Resale prices for flats rose 5 per cent last year while the number of transactions increased 4.4 per cent, said the Housing and Development Board (HDB) on Friday (Jan 22). Here are the notes and legends for the symbols used in the following table: (-) indicates no resale transactions in the quarter, Asterisks (" * ") refer to cases where there are less than 20 resale transactions in the quarter for the particular town and flat type. You and the buyers must use the HDB-prescribed OTP as the form of contract in the transaction. Register Intent To Sell. Buying a flat is a long-term commitment. Receive approval of Resale Topping the list is a Bishan DBSS unit located at Bishan Street 24 priced at $1,220,000. Aside from Build-To-Order (BTO) flats, resale flats are another option for public housing in Singapore. With these resale statistics, you can get a better idea of the HDB resale market movements and make a more informed decision. It is important to understand and follow the resale procedures to ensure a smooth flat buying journey. The HDB Contra Facility is for those who are buying a new HDB flat, while the Enhanced Contra Facility is for those who are buying a resale HDB flat. You can work out and plan your finances with our various financial tools. resale of part shares, resale between related parties, cases under the Conversion Scheme, resale of terrace flats, and converted flats, The figures are rounded to the nearest hundred dollars. Any other agreements and/or supplementary agreements relating to the sale or purchase of the flat are not valid under the Housing and Development Act. The transactions exclude resale transactions that may not reflect the full market price such as resale between relatives and resale of part shares. There is a total of 17 HDB resale transactions exceeding more than $1,000,000 in price. This shortens the entire resale process to just eight weeks as long as the necessary documents are submitted accurately and on time. Each seller & buyer will have to login to the HDB resale portal to endorse the documents and make payment for Caveat/ Conveyancing fees online. As a result, real estate transaction volume tends to be lower in the first three months of the year. After receiving the results of the valuation, you’ll need to pay an option … You can submit an application, submit an online enquiry, or make an appointment with us. The next step is for both you and the buyer to submit your individual portions of a resale application document online at the HDB Resale Portal (within 7 days of either submission). Endorse resale documents. 23 HDB resale flats in non-mature estates transacted for over $800,000 in Q1. There is a total of 21 HDB resale transactions exceeding more than $1,000,000 in price. Welcome to the HDB Resale Portal Be guided through the process of buying and selling a resale flat. All listings and transactions are done with the involvement of the sellers and the agents. We develop public housing to provide Singaporeans with affordable, quality homes, and a better living environment. Due to rounding, there could be some differences in the quarterly price change compared to the RPI series before re-scaling. We’ve created an overview of everything that every aspiring buyer needs to know when purchasing an HDB resale flat. However, newer flats in non-mature estates like Sengkang and Punggol are … The whole process of buying an HDB resale flat can take anywhere from 12 to 15 weeks, depending on how quickly you can choose the flat you want and negotiate with the seller. These figures are based on resale flat transactions recorded for the quarter, and sorted by town and flat type. Transactions Within 200 Metres. There’ll be an administrative fee payable during the resale submission. Resale flat prices Use our HDB Map Services to get past resale transacted prices for specific locations, for example, in a particular block or street. The median price is the fiftieth percentile amount of HDB resale flat purchases. Help you to make informed decision when buying or selling your property. Nearly swayed by this condo dream. The Contra Facility and Enhanced Contra Facility allow you to sell your existing HDB flat and at the same time, buy another HDB flat using the sale proceeds and refunded CPF monies. The first step is to register your intent to sell. Image credit: New Launch 101 But, we didn’t want to spend beyond our means and a HDB was a more practical option. This index can be used to compare the overall price movements of HDB resale flats. Log in to the HDB Resale Portal via your Singpass to register your “intent … These are the median resale prices by town and flat type for resale cases registered from 2nd quarter 2007 to 4th quarter 2020. Last year, the HDB resale transaction volume decreased 7.0% qoq drop in 1Q 2020. HDB resale transactions spike 127.3% in Q3 after end of COVID-19 circuit breaker. Shown below are the top HDB resale transactions in terms of resale price for the month of April 2021. Sengkang and Punggol are two of the most popular estates based on the number of HDB resale flats sold in January and February this year, according to data from data.gov.sg. The highes 11. For example, if the index increases from 100 to 108 in 1 year, that means that on the whole, HDB resale flat prices increased by about 8% over that year. For all of 2019, it was rare to see Bedok cross 101 transactions; this only happened on four … 12. The full list of all HDB resale transactions in the month of March 2021 is presented below. Focusing on nurturing a strong family and community spirit, public housing policies and schemes are formulated to meet changing needs and aspirations. Register your Intent to Buy. Get to know the overall HDB property market trend; Estmate your property value when selling; Or get a benchmark price when you are buying. The index till 3rd quarter 2014 was computed using stratification method, while that from 4th quarter 2014 onwards is computed using the stratified hedonic regression method. Once the application is approved, you and the buyer will be notified via SMS and emails, and the approval letter will be posted on the HDB Resale Portal for both you and your buyer to view. After registering your Intent to Sell, the HDB Resale Portal will prompt you to download a copy of the Option to Purchase (OTP). Typically, HDB will grant an approval for the resale within 2 weeks after both you and your buyer have endorsed the documents prepared by HDB. Here are some resources to help you plan your finances before your flat purchase. Whether you are buying, selling, or already living in an HDB flat, everything you need to know about residential properties is housed here. We have different eligibility schemes under which you can buy an HDB resale flat. 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