Flash estimates from the Housing and Development Board show that HDB resale prices grew 0.9 per cent in the first quarter of 2023, the smallest increase in the last 10 quarters.. First-timers who participated in that exercise stand a good chance of being invited to book a unit.uncertain economic conditions brought on by the Ukraine war and central banks raising interest ratesOver the course of the pandemic and the disruptions it caused, demand for housing has outstripped supply.
As the supply of new developments accelerates and meets pent-up demand, the market appears to be turning the corner.
Unlike the HDB resale market and private homes, BTO flats are priced with affordability as the primary consideration and are influenced by household incomes, mortgage servicing ratios and selling prices of comparable resale units.in December last year, the HDB clarified that BTO pricing was separate and independent of the project’s development cost and that it did not “apply a profit margin on costs”.
With such an affordability-driven approach, supply-demand dynamics do not strictly apply to BTO projects. Flexible subsidy schemes - which are typically more generous for first-timers - counteract market fluctuations, and keep prices stable and within reach of the majority. This being the case, first-timers who are seeking BTO flats - especially those with urgent housing needs - ought to proceed with their purchases, but with the caveat that they should carefully work out their long-term debt obligations if they are taking out mortgage loans from commercial banks.Homebuyers taking out mortgage loans here should err on the side of caution, and proceed with the premise that interest rates will continue to rise in the near future.
Well as can see, the general 20yr trend is upward trajectory due to inflation caused by FED’s endless money printing. A mistep wrong timing effort would means these the future of these newly weds end up renting properties as their new future. They now prepping folks for this.
Article warns abt high fed funds rate for longer. Seems odd , esp if predictions abt a recession are true .
Signing away 30 years of your life for property purchase is an absolute no-brainer. Think twice.
Yes, property prices in Singapore set to fall. Likely to be 5% to 6%. More so for private properties.
看哪里抽签中签率高就拿哪里的吧！不然就是等至少五年了。