Resale Median Price for HDB Went Up By 0.1% From Previous Quarter


6264 HDB units changed hand in 3rd quarter 2019, with overall price increased by 0.1% compared to 2nd quarter. According to Propnex Realty CEO Mr Ismail Gafoor, the 0.2% decrease in transaction volume is likely due to buyers taking wait and see approach after the new Enhanced CPF Housing Grant announced on 10th September.

The HDB price likely will stabilise after 0.4% drop since the beginning of the year. Meanwhile analyst noted the price might see 1%-2% growth next year following the new initiative of subsidise scheme. Notably, about 26,000 units of HDB flat will hit their 5 years maturity of minimum occupation period (MOP) and might add into the inventory and drive the sales momentum accordingly.

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