About HDB Resale Prices rise, North Gaia set for Preview | HDB resale prices continue to rise 0.4% to 2.3% consecutively in Q1 2022. Also, North Gaia, an executive condominium, a Yishun project is set for preview and e-application to be done on the 7th Thursday of April.
Therefore, the increase in private home prices in Singapore, that’s 0.4% in Q1 2022, indicated a flash estimate from the (URA), popularly known as Urban Redevelopment Authority. Thus, the increase in private homes marks the 8th consecutive quarterly hike in price. However, a slow growth from 5.0% in private homes hiked as registered in Q4 2021.
On December 16th 2021, Huttons said that the cooling measures altered the rate at which the private home prices increased. On the other hand, Head of Research for Southeast Asia at CBRE, Tricia Song, added that the plateauing of private home prices is vastly in tune with expectations. On the other hand, Song suggested that in the fourth quarter in 2021, the Canninghill Piers attributed to a robust sales and price in performance.
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Similarly, HDB showed a flash estimate indicating the increase of Development Board (HDB) and Resale prices of Housing of 2.3% in Q1 2022. Therefore, all the data transacted displayed that 6,500 resale HDB flats were moved in the first quarter of 2022, down to eighteen percent from 7,940 units transacted in the other quarter.
On top of that, North Gaia, an executive condominium, which is a Sing Holdings, a Yishun project, is set for preview and e-application to be done on the 7th Thursday of April. This executive condominium enjoys a superb view of Khatib Bongsu Nature Reserve as well as other natural views. Aside from the North Gaia (EC), 2021 will witness other four new launches including an EC at Bukit Batok West Ave 8, Tengah Garden Residences, and EC at Tampines St 62. All these executive condominiums are situated in the OCR.
On the other hand The Straits Times reported that while the sales speed in (GCB) commonly known as Good Class Bungalow market decelerated during Q12022, the new price hike was registered in Chatsworth Park GCB area and Bukit Tunggal. This came to pass because of the sale of GCB in Chancery Land for roughly $66.06 million whereas another project at Jervois Hill that went for nearly $59 million. Additionally, a development at Les Maisons Nassim in District 10 was also fetched for about $59.77 million.
Other freehold landed plots situated at 96, 92B, 96A Upper East Coast Road and 94G were scheduled for sale through (EOI) known as expression of interest (EOI) with a tag price of $32.2 million as revealed by Huttons. And so, these plots are roughly 200m away from Siglap Station located on the Thomson-East Coast line. It is also close to East Coast Park, MRT station, Food & Beverages options in the Katong area /Joo Chiat/ Siglap and other amenities. Therefore, several home buyers looking forward to buying lands desire that the upcoming BTO project ought not to be under the Prime Location Public Housing (PLH) model.