Would Resale HDB prices ever drop?

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
#1
Would Resale HDB prices ever drop?

Would like to tap on the wisdom and experience of valuebuddies - would Resale HDB prices ever drop?

I am thinking:

  • HDB resale prices have gapped up strongly since 2020.
  • Interest rates are rising now. 
  • If one buys a resale HDB now, would he be entering at the peak?
Reply
#2
hi Choon,

You can refer to the historical RPI found at HDB.
https://www.hdb.gov.sg/residential/selli...statistics

- There is a chart from 1994 to 2022. Of course the numbers are for averages and mileage varies across room type and town.
- There are 3 noticeable declines - 1997, 2000 and 2013. 1997 and 2000 correspond to AFC97 and dotcom crash and so I reckon it would be safe to assume these were the causes. As for 2013, It was probably Khaw Boon Wan's work after the PAP historic loss of a GRC to the WP.

So based on the historical trend, the answer to your question "would Resale HDB prices ever drop" would be YES.
Reply
#3
(20-09-2022, 08:32 PM)weijian Wrote: So based on the historical trend, the answer to your question "would Resale HDB prices ever drop" would be YES.

A fall in price implies a fall in demand. Does the fall in demand indicate some of these demand is "artificial" instead of a real need of housing?

Therefore, in today's context, are high prices a function of real demand ("person really needs a house to stay") or demand + speculation (investment property)?
You can count on the greed of man for the next recession to happen.
Reply
#4
It has always been Supply Vs Demand.....

MND Lee say by 2025, majority of covid-delayed BTOs will come on-line, Big Grin so resale prices will normalized. = so supply increase, yes, prices decrease,

Demand? = depends on our population growth and intake as well, 10 millions people?

so monitor both numbers lah... Big Grin


Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)