pstrongIt rose 1.8% QoQ./strong/p pHDB resale prices have risen 1.8% QoQ to $183.7 in 1Q24./p pIn 4Q23, resale prices only rose 1.1%. /p p“Taken together, the 2.9% increase over 4th Quarter 2023 and 1st Quarter 2024 is close to the total increase of 2.
“Taken together, the 2.9% increase over 4th Quarter 2023 and 1st Quarter 2024 is close to the total increase of 2.8% over 2nd Quarter and 3rd Quarter of 2023,” the Housing and Development Board said.
Apart from prices, resale transactions also grew in 1Q24, rising by 8.0% YoY to 7,068 cases. On a QoQ comparison, resale transactions rose by 1.3%. “On the whole, the HDB resale market is showing signs of stabilising, as HDB resale prices rose by 4.9% in 2023, less than half of the 10.4% increase in 2022, and the 12.7% increase in 2021,” the HDB said.
“The economic outlook is subject to uncertainties, particularly stemming from ongoing geopolitical conflicts, which could precipitate negative global supply and demand shocks. Domestic mortgage rates are expected to remain at levels that are elevated relative to the low levels seen over the past decade. As such, households should continue to exercise financial prudence in their flat purchases,” the HDB added....
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.4.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Industrial space rentals climb 1.7% QoQ in 1Q24pstrongYear-on-year, it rose 7.8%./strong/p pThe rental index of all industrial space rose 1.7% QoQ and 7.8% YoY in 1Q24, data from JTC showed./p pAll industrial assets also reported a rental index increase, led by multiple-user factories, which saw an 8.9% YoY increase.
Read more »
Private residential price growth eases to 1.4% in 1Q24pstrongIn 4Q23, prices rose by 2.8%./strong/p pThe growth of private residential prices eased in 1Q24, growing by only 1.4%, lower than the 4Q23 record of 2.8%./p pData from the Urban and Redevelopment Authority (URA) showed that landed and non-land properties also saw a moderation in their respective price growths.
Read more »
HDB resale prices climb for 16th straight quarter in Q1, more flats soldPrices were up 1.8% between January and March 2024.
Read more »
HDB resale prices rise 1.7%; private home prices up 1.5% in first quarter: Flash estimatesProperty analysts expect the HDB resale market to "remain stable" this year, while private property prices are expected to increase at a steady rate.
Read more »
Singapore tops SEA in tech funding with US$604M in 1Q24pstrongHomegrown Capillary had the highest funding round during the period./strong/p pSingapore continues to lead Southeast Asian cities in tech funding, raising US$604 in 1Q24./p pBehind Singapore are Jakarta (US$85.7m), Ho Chi Minh (US$33.2m), Taguig ($32.1m), and Watthana (US$11.0m).
Read more »
Outbound Investments from Singapore Drop 54.3% in 1Q24Outbound investments from Singapore have dipped 54.3% QoQ and 94.9% YoY to $911m in 1Q24, data from MSCI Real Assets showed. Knight Frank said the drop is likely a result of market sentiment remaining “tentative and cautious.”
Read more »