This is a discussion on Q3 resale flat prices up within the Local & Foreign Issues forum, part of the Community Lounge category; THE recent measures to cool the HDB resale market have led to fewer flats being bought and sold, but they ...
THE recent measures to cool the HDB resale market have led to fewer flats being bought and sold, but they have yet to make a discernible impact on prices.
According to official figures released by the Housing Board (HDB) yesterday, resale flat prices rose 4 per cent in the third quarter of this year to hit yet another record.
This is the ninth straight quarter of rising prices. Prices had risen 4.1 per cent in the second quarter compared to the first.
The median cash-over-valuation (COV), which is the cash premium buyers pay above the flat's valuation, was also unchanged at $30,000.
In fact, median COVs for four-room, five-room and executive flats actually rose, to $32,000, $35,000 and $40,000 in the third quarter from $30,000, $33,000 and $36,300 in the previous quarter respectively.
COVs are one measure of how hot the demand is for resale HDB flats.
Q3 resale flat prices up