HDB resale prices expected to grow slower in 2025: Analysts

CNA01-24 13:48

SINGAPORE: Housing and Development Board (HDB) resale prices are expected to grow slower in 2025, analysts said on Friday (Jan 24). More Build-to-Order (BTO) flats with shorter waiting times will be ...

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href=\"https://www.channelnewsasia.com/singapore/hdb-resale-prices-expected-grow-slower-2025-private-properties-ura-4893801\">Source Link</a>\n\n</div>\n","source":"can_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HDB resale prices expected to grow slower in 2025: Analysts</title>\n<style 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(BTO) flats with shorter waiting times will be ...</p>\n\n<a href=\"https://www.channelnewsasia.com/singapore/hdb-resale-prices-expected-grow-slower-2025-private-properties-ura-4893801\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0918141887.USD","symbol_name":"安联亚洲实际收益股票基金","start_time":0,"source_url":"https://www.channelnewsasia.com/singapore/hdb-resale-prices-expected-grow-slower-2025-private-properties-ura-4893801","article_id":"2505824888","we_media_id":null,"thumbnails":["https://dam.mediacorp.sg/image/upload/s--zlMctqan--/c_crop,h_900,w_1600,x_0,y_109/c_fill,g_auto,h_468,w_830/fl_relative,g_south_east,l_mediacorp:cna:watermark:2021-08:cna,w_0.1/f_auto,q_auto/v1/mediacorp/cna/image/2023/10/24/jem_0185.jpg?itok=_NTL-ik-"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505824888","pubTimestamp":1737697685,"columns":[],"sourceInfo":{"source_id":"can_highlight","name":"CNA"},"weMediaInfo":null,"summary":"Three analysts forecast HDB resale prices to come in between 3.5 per cent and 8 per cent this year – lower than the 9.7 per cent in 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A"},"translate_title":"分析师：预计2025年组屋转售价格增长将放缓","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"URA":1,"5OC.SI":1,"BTO":1,"HDB":1},"content_text":"SINGAPORE: Housing and Development Board (HDB) resale prices are expected to grow slower in 2025, analysts said on Friday (Jan 24).\nMore Build-to-Order (BTO) flats with shorter waiting times will be launched for sale, while lower loan interest rates may attract more people to the private property market, they added.\nThree analysts forecast an increase of between 3.5 per cent and 8 per cent this year – lower than the 9.7 per cent growth in resale prices last year.\nOrangeTee Group's chief researcher Christine Sun expects HDB resale prices to increase by 4 to 6 per cent.\nDespite the number of flats reaching their five-year minimum occupation period (MOP) falling to the lowest in 11 years - 6,974 units - efforts to reduce the waiting times of BTO flats to under three years may encourage buyers to purchase those instead.\nThis will \"divert more demand away from the resale market\", said Ms Sun.\nHDB will launch about 19,600 BTO flats in 2025, of which 3,800 units will have a waiting time of under three years, National Development Minister Desmond Lee said earlier this month.\nMr Mohan Sandrasegeran, head of research and data analytics at Singapore Realtors Inc, noted the upcoming Sale of Balance Flats (SBF) exercise in February.\nHDB said this would be its largest SBF exercise with more than 5,500 flats, of which about 40 per cent have already been completed.\nThese flats are \"particularly appealing to home seekers who value the option of acquiring a brand-new, ready-to-move-in flat with a shorter waiting time compared to the typical BTO process\".\n\"A portion of these flats are already completed, providing an attractive alternative for those with immediate housing needs,\" he added.\nHe expects HDB resale prices to increase \"modestly\" by 3.5 to 5.5 per cent.\n\"This reflects the interplay of robust demand, limited resale supply, and the tempering effects of policy measures, ensuring a sustainable and stable market environment,\" added Mr Sandrasegeran.\nHuttons' senior director of data analytics Lee Sze Teck said HDB resale prices are likely to grow at a slower pace of 5 to 8 per cent this year.\nHe noted that interest rates for HDB loans are at its lowest point in a year and may not go lower over the next few months. With a bigger loan quantum, some buyers may buy either an executive condominium or a resale condominium, he said.\nLONG GROWTH STREAK\nHDB resale prices rose by 9.7 per cent in 2024 – slightly higher than flash estimates released early this month. Prices in the fourth quarter increased by 2.6 per cent from the previous quarter.\nThis marks the 19th consecutive quarterly rise, noted Ms Sun. \nIt is currently the second longest growth streak, just behind the 20 consecutive quarters of growth seen from the fourth quarter of 1991 to the fourth quarter of 1996. \nHDB said the resale prices in the fourth quarter were driven by a \"strong broad-based demand, as well as some supply tightness in the market\".\nThe government had lowered the loan-to-value limit for HDB housing loans in August 2024 to cool the market.\nResale transactions for the last quarter of 2024 fell by 21.1 per cent, from 8,142 in the third quarter to 6,424 in the fourth. The total resale volume for the whole of 2024 increased by 8.4 per cent to 28,986.\n\n\n\n\nPRIVATE PROPERTIES\nPrivate property prices grew by 2.3 per cent in the fourth quarter of 2024, driven by sales transactions at selected newly-launched projects, said the Urban Redevelopment Authority (URA) on Friday.\nThe pace of increase in the private residential price index slowed to 3.9 per cent in 2024, down from 6.8 per cent in 2023.\nAbout 3,100 private residential units, including executive condominiums, were completed in the last quarter of 2024, bringing the total completions for the year to about 10,600 units.\n\"More supply totalling 55,500 units is coming onstream over the next few years to cater to housing needs,\" URA said. \nPrivate property prices are expected to increase by 4 to 7 per cent this year, primarily due to the increased number of launches and a tighter supply of homes, said Ms Sun.\nMr Lee concurred with that forecast and said there may be 22 launches this year, with more than 12,400 units up for sale. This includes two executive condominium launches.\n\"The phenomenal sales momentum in November 2024 continued for the first two launches in 2025. The take-up of the two projects, Bagnall Haus and The Orie, were strong, a sharp contrast to a year ago,\" he added.\nMr Sandrasegeran projected private property prices to \"grow moderately\" by 3 to 6 per cent. Demand will be \"fuelled\" by HDB upgraders moving into private properties, he said.\nThe reduction in private residential completions will \"act as a catalyst for price resilience, particularly in the private resale market\", the analyst added.\n\"While market conditions appear favourable, buyers are encouraged to exercise caution. It is essential to avoid over-leveraging and make well-informed purchasing decisions that account for long-term affordability,\" Mr Sandrasegeran said.\n\"Prudence will be key, especially given the evolving macroeconomic environment and potential future rate fluctuations.\"","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2505824888"}