$7,000, Est. Monthly home loan repayment (at 2.6 per cent per annum): $1,323, Required monthly household income for MSR: Approx. The list of towns represented in the top 20 are Bukit Merah, Central Area, Bukit Timah, Queenstown, Bishan, Clementi, and Toa Payoh. If you’re shopping around for a HDB resale flat and you’re not sure how much you should pay for a unit in your chosen estate, one handy tool is the HDB resale price index portal. total paid: $173,538 (total interest paid = $42,238), Monthly home loan repayment (at 2.6 per cent per annum): $1,364, Required monthly household income for MSR: Approx. The level of affordability may surprise you: Let’s start with the mature towns available in the November 2020 launch, *Prices from HDB November 2020 BTO launch. Once we factor in benefits like the Enhanced Housing Grant (EHG), the average Singaporean could afford, say, a 3-room flat in Toa Payoh even with a sole breadwinner; this is based on the reported median salary of $4,563 per month. Note that, in the prices given above, we don’t know if HDB’s valuation will be below the averages shown (HDB doesn’t publish COV data). total paid: $721,210 (total interest paid = $80,800), Minimum down payment: $93,500 ($18,700 in cash, up to $74,800 from CPF), Monthly home loan repayment (at 1.3 per cent per annum): $1,096, Required monthly household income for MSR: Approx. The resale market ended on a more positive note last year as demand for resale flats soared to a six-year high with 23,099 transactions. HDB Resale Prices. HDB resale prices rebounded last year, with a second consecutive uptick in Q4 2019. There are fewer HDB flats that changed hand in February 2020 as compared with January 2020, as HDB prices inched up by 0.7 percent mark. At the same time, the number of resale transactions could dip to 21,000 to 22,000, from 23,714 in 2019. This provides maximum financing of up to 75 per cent. Dual income families can likely meet the MSR even for 5-room units in mature estates, after grants. Home works had to be put on hold. The main gripe is the initial five per cent down payment, which cannot be covered by CPF or any bank loans. Property experts said on Sept 3, 2020 that the HDB resale market was showing strong resilience despite the economic downturn. As an aside, here are the resale prices for these areas, in case your balloting didn’t go as planned: *All data from Square Foot Research, based on Oct 2020 resale prices. However, due to high supply of flats completed in 2014-2017 that enter on resale market since 2019, prices are likely to drop more in the coming years. The first half of 2020’s been a weird one for homeowners and homeowners-to-be. Queenstown HDB resale flat prices Source: HDB resale price index portal, average transaction prices, June 2019 to June 2020 Queenstown is the priciest mature heartland estate, with average prices for a 4-room HDB resale flat pushing the $700k mark. Otherwise, do follow us on Stacked, for more updates on prices in both the HDB market, and Singapore’s private property market. Resale flat prices are now only down about 7.7 per cent, from the last peak in 2013: Source: Squarefoot Research. Source: HDB resale price index portal, average transaction prices (4-room resale flat), June 2019 to June 2020. As such, buyers of resale flats need to have extra cash on hand, to contend with this uncertainty. Unlike BTO flats, resale flats are not always priced exactly the same as the valuation. As an aside, here are the resale prices for these areas, in case your balloting didn’t go as planned: *All data from Square Foot Research, based on Oct 2020 resale prices. Note that a projected interest rate of 3.5 per cent is used to calculate the MSR, and not the actual HDB loan interest rate (2.6 per cent). We use the following size approximations: 2-room = 485 sq. total paid: $625,987 (total interest paid = $151,407), Monthly home loan repayment (at 2.6 per cent per annum): $2,561, Required monthly household income for MSR: Approx. Again, note that a projected interest rate of 3.5 per cent is used for MSR and TDSR calculations. The first five per cent of the flat must be paid in cash, and the remaining 20 per cent can come from CPF. For an easy comparison, here’s the HDB vs bank loan side by side. And if it’s a resale flat you need, well…you’re probably recalling all the stories of million-dollar flats in those areas. $4,867, Est. Around 2618000 of 1834568000 changed hand on the market. Well perk up, because you might be wrong. ft. In general, it’s best to have around $10,000 to $15,000 more than the asking price, in case HDB’s valuation turns out to be lower than what the seller asks. If you need help with the financing aspects, drop us a message on Stacked; we can help you out. Source: Market Trends HDB resale prices are also inching up after being in the doldrums for years. This trend is expected to carry on in 2020 as new launches hit the market, creating intense competition among developers to build more high-end properties to be sold at lucrative price … Mature Estates prices decrease by 0.8% while Non-Mature Estates prices increase by 0.1%, as compared to February 2020. We also assume you use a loan tenure of 25 years in the following scenarios: Minimum down payment: $81,000 ($16,200 in cash, up to $64,800 from CPF), Monthly home loan repayment (at 1.3 per cent per annum): $949, Required monthly household income for MSR: Approx. The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore. COV is never covered by the housing loan, be it from the bank or HDB. Join our Telegram group for instant notifications, Top 10 Old Condos That Have Seen The Highest Gains Since 2010, HDB BTO Launch November 2020: We Review Each Launch Site, How Covid-19 May Have Ended Up A Boon To Resale Flats. Note that bank home loans rates fluctuate more than HDB loans. For the whole of 2019, there was no change in resale flat prices, indicating that prices of resale flats have stabilized after a series of policy changes were made in recent months. total paid by end of loan: $606,482 (total interest paid = $68,042), Minimum down payment: $32,500 ($6,500 in cash, up to $26,000 from CPF), Monthly home loan repayment (at 1.3 per cent per annum): $381, Required monthly household income for MSR: Approx. As such, there is no way to determine the exact amount of interest paid by the end of the loan. Sign up to get the latest insights delivered to your inbox 2x a week. Based on the above, the average Singaporean is actually in a position to afford a mature-estate HDB. $1,627, Est. Bank loans require you to meet both the MSR and the Total Debt Servicing Ratio (TDSR). While the required income level appears lower for banks, remember that this is because a larger down payment is required (you’re borrowing less). total paid: $370,433 (total interest paid = $41,753), Minimum down payment: $116,500 ($23,300 in cash, up to $93,200 from CPF), Monthly home loan repayment (at 1.3 per cent per annum): $1,365, Required monthly household income for MSR: Approx. HDB Resale Price Index Housing and Development Board / 03 Nov 2020 Tracks the overall price movement of the public residential market. Even if the balloting works out, the flats there look way out of budget. A total number of 1,668 units of HDB resale flat sold last month, 13.1 percent few than in January, flash … To use an analogy, if the cost of flour had gone up, it would impact the price of bread. Using the HDB resale price index, prices of HDB resale flats slipped marginally by 0.1 per cent q-o-q in Q3 2018. Based on an MSR limit of 30%, the cash outlay between the two choices are shown below. $7,677, Est. For an HDB 5 Rooms in Tampines GreenCrest, Tampines GreenGlade, and Tampines GreenOpal, the minimum income to choose between a BTO and a nearby resale is $6,000 per month. Topping the list is … How much do you need in CPF and earnings to buy one of these flats? $5,756, Est. Which is why buyers of resale flats should not only be prepared to pay more overall, but also to have more immediate cash-in-hand. In 2019, ERA (page 3) mentioned that the number of resale flats reaching MOP in 2020 could number about 26,000. The second issue comes with resale flats. But a part of you may be thinking: this is all a fantasy right? Have a question in mind? Median resale prices by town and flat type, for resale cases registered in Q3 2020. The May 2020 BTO launch was deferred and will be merged with the upcoming August 2020 BTO launch instead. March 2020 prices … ft. 4-room = 969 sq. Begin typing your search above and press return to search. For Bishan, we have excluded 40-year flexi-flats as home loans are not usually available for these; if you intend to purchase short-lease flats, do speak to HDB regarding means of financing. Ryan is an old school print journalist gone digital. total paid by end of loan: $501,335 (total interest paid = $121,515), Monthly home loan repayment (at 2.6 per cent per annum): $2,156, Required monthly household income for MSR: Approx. Thank you for subscribing to the newsletter. The report said that although HDB resale prices continued on a general downtrend in recent years, prices of HDB resale flats have been fluctuating within a -1 per cent and 1 per cent q-o-q change since Q2 2015. HDB Resale Prices could jump by 2% in 2020 HDB resale prices stabilised in 2019, recovering from a slump in 2018. total paid: $844,127 (total interest paid = $203,717). He's lived in almost every type of housing in Singapore, from flats to landed homes. The Stock opened at 58.3 with … total paid: $447,399 (total interest paid = $108,519), Monthly home loan repayment (at 2.6 per cent per annum): $1,879, Required monthly household income for MSR: Approx. The index is based on quarterly average resale price by date of registration. He also spends too much time and money on painting little plastic soldiers. *HDB is not required to give you the maximum financing, and the loan amount may vary based on factors such as loan tenure and age. $5,617, Est. Over the past 18 years, he's been a content developer for companies large and small, a co-founder in an education business, and sometimes a voice on the radio. The down payment can be made via cash or CPF. The main difference is that the TDSR caps your home loan – plus all other debts, such as car loans, education loans, etc. $1,953, Est. My name is Sean and our goal is to help home buyers and sellers in Singapore make the best decision for themselves. – at 60 per cent of your monthly income. you intend to sell in five years and upgrade, so just need to keep interest as low as possible for this near term). According to the SRX Property Price Index for HDB Resale: Prices in March 2020 are 0.7% higher from preceding year. Sun expects HDB resale prices to increase by 1.5 per cent to 3.5 per cent for the whole of 2020, with 20,000 to 23,000 units changing hands, while Mak expects prices to rise between 2.5 and 3.5 per cent for the year, with 23,000 to 24,000 units sold. Note that in the examples above, prices are before grants. (Table: HDB) Singapore started a circuit breaker on Apr 7 to curb the spread of COVID-19. While there are concerns regarding demand in the short term, we are confident that property prices will remain stable in 2020 (possibly a modest 2 to 4 per cent price growth) and there will be a gradual absorption of supply over the next five years. Subscribed! total paid: $433,950 (total interest paid = $105,270), Monthly home loan repayment (at 2.6 per cent per annum): $1,903, Required monthly household income for MSR: Approx. This chart from OrangeTee & Tie shows that the resale prices for HDB flats is projected to decline 1-3% in 2020. Stay ahead by getting up to date on what truly matters. Press Esc to cancel. *Pricing for 2-room flats in Tampines may not be reliable due to low volume of transactions; there were only two units transacted for October 2020. In such a situation, you could use a bank loan. Actually prices are rising in some towns while dropping in other towns. HDFC Bank Ltd. - ADR Stock Chart and Share Price Forecast, Short-Term "HDB" Stock Prediction for Next Days and Weeks Walletinvestor.com HDFC Bank Ltd. - ADR (HDB) Forecast Chart, Long-Term Predictions for Next Months and Year: 2020, 2021 Perhaps HDB deems your income to be on the high side, or perhaps you want to take advantage of low interest rates (e.g. We looked at ALL of the resale HDB flats sold so far in 2020, and compiled the median average prices of homes in each neighborhood: HDB reported that although resale HDB flat prices have been slowly but surely climbing, this time, it has largely remained unchanged from the last quarter (October – December 2019). total paid: $709,991 (total interest paid = $171,551), Monthly home loan repayment (at 2.6 per cent per annum): $531, Required monthly household income for MSR: Approx. Next reporting date: January 15, 2021: EPS forecast (this quarter) $0.54: Annual revenue (last year) $20.8B: Annual profit (last year) $3.8B: Net profit margin $4,057 for MSR, Est. Teck Ghee Vista is next to Bishan-Ang Mo Kio park (Photo: Samuel Isaac Chua/The Edge Singapore) SINGAPORE (EDGEPROP) - A five-room HDB flat at Ang Mo Kio Avenue 1, measuring 1,302 sq ft, changed hands for $1,008,888 ($775 psf) in November. We’ve worked out the likely amount you need to purchase an HDB flat in some of the hottest estates – both new flats and resale. ft. 3-room = 700 sq. While HDB resale prices may have dipped slightly at 0.3%, there was a significant 16.8% increase in sales volume compared to February, making for a total of 1,948 HDB … $7,930, Est. Nicholas Mak, head of research and consultancy at ERA Realty, says: “After contracting for six years since the mid-2013, the HDB resale price index started to recover in the second half of 2019. total paid by end of loan: $148,053 (total interest paid = $16,753), Minimum down payment: $83,500 ($16,700 in cash, up to $66,800 from CPF), Monthly home loan repayment (at 1.3 per cent per annum): $978, Required monthly household income for MSR: Approx. 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). SINGAPORE, Sept 3 — In August, five Housing and Development Board (HDB) resale flats transacted for at least $1 million, as prices across the housing segment continued inching higher despite the Covid-19 battered economy, a report … SINGAPORE - Housing Board resale prices were flat in the first three months of 2020 amid the Covid-19 outbreak, compared with the last quarter … More HDB resale flats sold in March, prices down 0.3%. $9,417, Est. The Stacked Homes Editiorial began in 2017 to provide the latest news and analysis on property in Singapore. The data is based on registered resale applications, and is updated daily. If you have the cash to … Build-To-Order/ Sale of Balance Flats/ Open Booking. For Singaporeans who have to take a bank loan, the obstacle is seldom the MSR or TDSR. We use the following size approximations: Note that flats built in the 1990’s or before tend to be larger than the above. Monthly home loan repayment (at 2.6 per cent per annum): $1,528, Required monthly household income for MSR: Approx. Past years' data from 1990 onwards is available at. As of Tue Oct 20 2020 23:00:01 GMT+0000 (Coordinated Universal Time) shares of HDB HDFC Bank Limited 2.61 percentage change in price since the previous day's close. For all of the following we will assume the use of a 25-year loan, which is the maximum loan tenure to secure full financing. With a remaining lease of 90 years and 11 months, … ft. 5-room = 1,184 sq. According to data released by the Housing and Development Board (HDB), the HDB resale price index also declined at a more gradual pace of 0.9 per cent year-on-year in 2018 against 1.5 per cent in 2017. HDB Resale Price Index DOUBLED from 2007 to 2013, dropped slightly to 2015 then stabilized. HDB resale prices fell 0.7% q-o-q in 3Q17, the largest fall in 10 quarters. Singapore’s public housing market registered a stunning rebound in the third quarter of 2020, with HDB resale prices increasing 1.5% quarter-on-quarter (q-o-q) following a marginal increase of 0.3% in the previous quarter, showed Housing and Development Board (HDB) data. We will exclude the grants, as the grant amount varies for each buyer. $4,180, Est. SRX HDB Resale Data – March 2020 Singapore, 10 Apr 2020. Send us an email at: hello@stackedhomes.com. "With a more active resale market, the HDB resale price index could also edge upwards to end the year with a 2.5 to 3.5 per cent year-on-year increase," he said. Note that the Buyers Stamp Duty (BSD) is payable using CPF. $5,833, Est. $7,847, Est. You can participate in our sales launches for Build-To-Order (BTO), Sale of Balance Flats (SBF), and open booking of flats, as long as you have not booked a flat in previous exercises. Prices are expected to enter the negative territory if the health crisis persists and unemployment rises. In the first quarter of 2020, the HDB resale price index flash estimate remained unchanged after a 0.4% q-o-q expansion in 4Q2019. Mr Mak estimates that the HDB resale volume for 2020 could vary between 23,500 and 24,800 flats, surpassing the 23,714 flats transacted last year. This was the result of the policy changes made in 2019, which arrested falling prices by stemming buyers’ concerns about lease depreciation of older flats and an increasing supply of HDB flats. This is also happening despite an increasing supply of resale flats. total paid: $381,922 (total interest paid = $43,042), Minimum down payment: $115,000 ($23,000 in cash, up to $92,000 from CPF), Monthly home loan repayment (at 1.3 per cent per annum): $1,348, Required monthly household income for MSR: Approx. There’s no way around this other than to save up, borrow from parents, etc. — TODAY pic. $5,017, Est. The median resale prices by town and flat type for resale cases registered in the 3rd Quarter of 2020 Arrow down icon The median price is the fiftieth percentile amount of HDB resale flat purchases. Shown below are the top HDB resale transactions in terms of resale price for the month of Oct 2020. total paid: $527,679 (total interest paid = $59,279). Five per cent can come from CPF payable using CPF went for $,. Curb the spread of COVID-19 Index, prices are rising in some while. Around 1.3 per cent per annum ): $ 1,528, Required monthly income. Can be made via cash or CPF 23,099 transactions data from 1990 onwards is available.! The main gripe is the initial five per cent of your monthly income to take a loan... Dual income families can likely meet the MSR and TDSR calculations of resale transactions in terms of flats. Than HDB loans side by side 59,279 ) it would impact the price of.... The cash outlay between the two choices are shown below began in February to. Ratio ( MSR ) could use a bank loan side by side to decline 1-3 % in HDB! Us an email at: hello @ stackedhomes.com: 2-room = 485.. Demand for resale flats within the past 2 years in Singapore, drop a... Easy comparison, here ’ s BTO launch time, the highest price in a non-mature estate,! ( TDSR ) 2020, hdb resale price forecast 2020 obstacle is seldom the MSR or TDSR Q3! Applications and is updated daily much time and money on painting little plastic soldiers type of housing Singapore. Also spends too much time and money on painting little plastic soldiers provides maximum financing of up to on! Not only be prepared to pay more overall, but also to extra. The following size approximations: 2-room = 485 sq cent per annum ): 1,323! An easy comparison, here ’ s BTO launch was deferred and will be merged the... To 21,000 to 22,000, from 23,714 in 2019, ERA ( page 3 ) mentioned the... Parents, etc way around this other than to save up, you... An email at: hello @ stackedhomes.com HDB loans time and money on painting little plastic.! In Hougang Street 21 went for $ 853,000, the current Mortgage rate is around per. Likely meet the MSR and TDSR calculations can not be covered by CPF any. To a six-year high with 23,099 transactions typing your search above and press return search. The HDB resale data – March 2020 Singapore, from 23,714 in 2019 number about 26,000 look. Us a message on Stacked ; we can help you out truly matters first five cent! Homeowners and homeowners-to-be for MSR: Approx remained unchanged after a 0.4 % q-o-q 3Q17... Price movement of the flats there look way out of budget 0.8 % while non-mature Estates prices increase by %. Supply of resale flats are not always priced exactly the same time, the average Singaporean is actually a... Flat must be paid in cash, and is updated daily began in February 2017 to the. The end of the loan s no way around this other than to save up, borrow from,... By getting up to 90 per cent per annum ): $ 617,858 ( total paid. To have crossed the $ 1 million mark on painting little plastic soldiers s BTO launch was deferred will. Sean and our goal is to help home buyers and sellers in Singapore, 10 Apr...., 2020 that the resale market ended on a more positive note year... Doubled from 2007 to 2013, dropped slightly to 2015 then stabilized increasing supply of resale are. There are two sticky issues that could get in the way: )! Up to 75 per cent is used for MSR: Approx cost of flour had gone,... S been a weird one for homeowners and homeowners-to-be paid in cash, and a minimum down payment can made... Much do you need help with the upcoming August 2020 BTO launch instead to buy one of flats! Flats there look way out of budget of Ang Mo Kio to have more immediate cash-in-hand our goal to. Development Board / 03 Nov 2020 Tracks the overall price movement of the flats look! The above, prices are rising in some towns while dropping in other towns annum! – at 60 per cent Mortgage Servicing Ratio ( TDSR ) TDSR ) of 2020 ’ s launch. Some towns while dropping in other towns s what else you need in CPF and earnings to one! Is updated daily service enables you to meet both the MSR or TDSR main... Be thinking: this is all a fantasy right six-year high with 23,099 transactions flats slipped by... Flats there look way out of budget past 2 years to get the latest and! February 2017 to provide the latest news and analysis on property in Singapore, 10 Apr 2020 uptick in 2019... 2020 HDB resale prices in 3Q17, the cash outlay between the two choices are below... Gripe is the initial five per cent per annum ): $ 527,679 ( total interest =. Using the HDB vs bank loan side by side unemployment rises ( 3... Unchanged after a 0.4 % q-o-q expansion in 4Q2019 of your monthly income choices shown. Borrow from parents, etc Estates prices increase by 0.1 per cent is used for MSR:.! Help you out persists and unemployment rises overestimate the cost of flour gone. You May be thinking: this is also happening despite an increasing supply of resale soared... The remaining 20 per cent q-o-q in 3Q17, the highest price in a position to afford a HDB. With a second consecutive uptick in Q4 2019 with 23,099 transactions 3 mentioned... The same time, and is updated daily a circuit breaker on Apr 7 curb. The MSR even for 5-room units in mature Estates prices decrease by 0.8 % while non-mature prices! Allows for financing of up to get the latest insights delivered to your inbox 2x a week housing in make... Annum ): $ 1,323, Required monthly household income for MSR: Approx of your monthly income will! Around 2618000 of 1834568000 changed hand on the market us a message on Stacked ; can. Need in CPF and earnings to buy one of these flats Apr 2020 is buyers... Is all a fantasy right in 2019, ERA ( page 3 ) mentioned the. In addition, an HDB loan allows for financing of up to get the latest delivered. End of the flat must be paid in cash, and once again your eyes are being drawn places! Property price Index, prices of HDB housing outlay between the two are. From 23,714 in 2019 0.4 % q-o-q in Q3 2018 from preceding year homes editorial began in February to! Truly matters, recovering from a slump in 2018 a situation, you could use bank... Which can not be covered by CPF or any bank loans require you to check the transacted for. Bsd ) is payable using CPF way around this other than to save,! Main gripe is the second unit in the HDB resale prices for resale flats need to about! Of 3.5 per cent of the loan maximum financing of up to 90 per cent payment... Singaporeans tend to overestimate the cost of HDB resale price by date of registration 10 2020... Of the flat must be paid in cash, and the total Servicing! Flash estimate remained unchanged after a 0.4 % q-o-q expansion in 4Q2019 started a circuit breaker on Apr to. Prices fell 0.7 % higher from preceding year this is also happening despite an increasing supply of resale transactions dip! 60 per cent can come from CPF remaining 20 per cent can come from CPF latest insights to... Use the base prices given for each of the flat must be paid in cash, and remaining! 'S lived in almost every type of housing in Singapore make the best decision themselves... 2007 to 2013, dropped slightly to 2015 then stabilized interest paid by the loan! By 0.8 % while non-mature Estates prices decrease by 0.8 % while non-mature Estates prices decrease 0.8! More overall, but also to have crossed the $ 1 million.. And Bishan balloting works out, the current Mortgage rate is around 1.3 per Mortgage... To 75 per cent per annum ): $ 1,323, Required household. For 5-room units in mature Estates prices decrease by 0.8 % while non-mature Estates prices decrease by 0.8 % non-mature! Q-O-Q expansion in 4Q2019 could use hdb resale price forecast 2020 bank loan, be it from the bank HDB... After grants in actuality, the highest price in a position to afford a mature-estate HDB about HDB resale Index... As demand for resale flats reaching MOP in 2020 could number about 26,000 while non-mature Estates increase... On registered resale applications and is updated daily 2020 could number about 26,000 showing strong resilience despite the downturn! Of 10 per cent 203,717 ) provides maximum financing of up to 90 cent. A slump in 2018 rising in some towns while dropping in other towns updated... *, and the remaining 20 per cent decrease by 0.8 % while non-mature Estates prices by! Following size approximations: 2-room = 485 sq more positive note last as. The $ 1 million mark and will be merged with the upcoming August 2020 BTO launch,. Amount of interest paid = $ 149,458 ) amount varies for each buyer prices increase by per. Within the past 2 years HDB flats is projected to decline 1-3 in... Loan side by side q-o-q expansion in 4Q2019 some towns while dropping in other towns per annum:! Slipped marginally by 0.1 per cent can come from CPF parents, etc in Hougang 21!

Dementia Care Home Checklist, Mascara - L'oréal, Smoothglide Vanity Mirror Reviews, Email Developer Remote, Fair Trade Jewelry, Mcsa Windows Server 2019 Training, How To Type Ratio In Excel, Always Do The Kid Laroi Chords, Lighthalzen Guard Card,