Flash Estimates: Growth In Private Home Prices Slowed In Q1 2024 Amid Weaker Sales Volume HDB Resale Flat Prices Found Renewed Strength As Transactions Picked Up
Flash Estimates: Growth In Private Home Prices Slowed In Q1 2024 Amid Weaker Sales Volume HDB Resale Flat Prices Found Renewed Strength As Transactions Picked Up
Flash estimates released today showed that home prices in both the private residential property and HDB resale flat segments rose in Q1 2024, though at varying pace. Overall private home prices grew at a slower clip in Q1 2024 due to the weaker sales volume and the higher base in the prior quarter, while HDB resale flat prices found some renewed strength as healthy demand and more high value transactions put an upward pressure on resale flat prices in Q1 2024. The flash estimates tracked transactions up till mid-March; the final print for the entire quarter will be published on 26 April 2024.
今天發佈的快速估算顯示，私人住宅物業和HDB轉售公寓板塊的房價在2024年第一季度均有所上漲，儘管速度各不相同。由於銷售量疲軟和上一季度的基數上升，2024年第一季度整體私人住宅價格增長放緩，而由於健康的需求和更多的高價值交易給2024年第一季度的轉售公寓價格帶來上行壓力，HDB的轉售公寓價格再次走強。快速估算追蹤了截至3月中旬的交易情況；整個季度的最終報告將於2024年4月26日公佈。
Q1 2024 URA Private Residential Property Index (Flash)
2024年第一季度市建局私人住宅物業指數（快訊）
Flash estimates from the Urban Redevelopment Authority (URA) showed that overall private home prices climbed by 1.5% QOQ in Q1 2024, easing from the 2.8% QOQ increase in the previous quarter (see Table 1). The moderation in prices can be attributed to the relatively listless sales in Q1 amid the festive seasons, and tentative buying sentiment following slower transactions in 2023.
城市重建局（URA）的快速估計顯示，整體私人住宅價格在2024年第一季度環比上漲了1.5％，低於上一季度2.8％的環比增長（見表1）。價格的放緩可以歸因於節日期間第一季度的銷售相對無精打采，以及2023年交易放緩後的初步購買情緒。
In Q1 2024, several residential projects including an EC development (The Arcady at Boon Keng, Hillhaven, Lentoria, Lentor Mansion, Koon Seng House, Ardor Residence, and Lumina Grand EC) were put on the market in, with no launches in February, in view of the Lunar New Year holidays.
Table 1: URA Private Property Price Index
表1：市建局私人物業價格指數
Price Indices | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q4 2023 |
Q1 2024 (Flash) |
(QOQ % Change) | (YOY % Change) | (QOQ % Change) | ||||
Overall PPI | 3.3 | -0.2 | 0.8 | 2.8 | 6.8 | 1.5 |
Landed | 5.9 | 1.1 | -3.6 | 4.6 | 8.0 | 3.4 |
Non-Landed | 2.6 | -0.6 | 2.2 | 2.3 | 6.6 | 1.0 |
· CCR | 0.8 | -0.1 | -2.7 | 3.9 | 1.9 | 3.1 |
· RCR | 4.4 | -2.5 | 2.1 | -0.8 | 3.1 | 0.2 |
· OCR | 1.9 | 1.2 | 5.5 | 4.5 | 13.7 | 0.4 |
價格指數 | 2023 年第一季 | 2023 年第二季度 | 2023 年第三季度 | 2023 年第四季度 | 2023 年第四季度 |
2024 年第一季度 （閃光燈） |
（季度環比變化） | （同比變化百分比） | （季度環比變化） | ||||
總體生產者價格指數 | 3.3 | -0.2 | 0.8 | 2.8 | 6.8 | 1.5 |
已着陸 | 5.9 | 1.1 | -3.6 | 4.6 | 8.0 | 3.4 |
未着陸 | 2.6 | -0.6 | 2.2 | 2.3 | 6.6 | 1.0 |
· CCR | 0.8 | -0.1 | -2.7 | 3.9 | 1.9 | 3.1 |
· RCR | 4.4 | -2.5 | 2.1 | -0.8 | 3.1 | 0.2 |
· 光學字符識別 | 1.9 | 1.2 | 5.5 | 4.5 | 13.7 | 0.4 |
Source: PropNex Research, URA
資料來源：市建局PropNEX Research
In the non-landed private homes segment, prices grew by 1% QOQ in Q1 2024, following the 2.3% QOQ increase in the previous quarter. The price growth was mainly driven by the Core Central Region (RCR) which saw prices rise by 3.1% QOQ in Q1 2024, slowing slightly from the 3.9% QOQ increase in the previous quarter, where the sales transactions at Watten House had helped to lift prices. In Q1 2024, the top non-landed home transactions in the CCR were the resale of two units at The Ritz-Carlton Residences Singapore Cairnhill which fetched $16.5 million ($5,397 psf) each. It is possible that the CCR property price index could see a slight increase when the final print is released later in April, when further transactions at Cuscaden Reserve during its relaunch are factored into the data. PropNex sales team said that Cuscaden Reserve has so far sold 80 units at an average price of slightly above $3,000 psf, since its sales relaunch on 16 March 2024.
在 非有地私人住宅 細分市場，繼上一季度環比增長2.3％之後，價格在2024年第一季度環比增長了1％。價格增長主要是由以下因素推動的 核心中部區域 (RCR) 2024年第一季度價格環比上漲3.1％，較上一季度3.9％的環比增長略有放緩，當時的銷售交易量爲 Watten House 幫助提振了價格。在2024年第一季度，CCR中最大的非有地房屋交易是兩套單元的轉售 麗思卡爾頓公寓 新加坡凱恩希爾每家的售價爲1,650萬美元（合5,397美元）。當4月晚些時候發佈最終報告時，CCR房地產價格指數可能會小幅上漲，屆時進一步的交易將在 庫斯卡登保護區 在重新啓動期間，數據中會考慮在內。PropNEX銷售團隊表示，自2024年3月16日重新啓動銷售以來，Cuscaden Reserve迄今已售出80套，平均價格略高於每平方英尺3,000美元。
Meanwhile, non-landed private home prices in the RCR ticked up by 0.2% QOQ in Q1 2024, reversing the 0.8% QOQ decline in Q4 2023. New launch freehold project The Arcady at Boon Keng which sold 49 units at an average price of $2,575 psf (based on caveats lodged as at 17 March), along with higher transacted average unit prices at other RCR projects during the quarter (including at Pinetree Hill, The Reserve Residences, The Continuum, Grand Dunman, and Blossoms by the Park) have helped to support home prices in the RCR.
Over in the OCR, non-landed home prices inched up by 0.4% QOQ in Q1 2024, following the 4.5% QOQ price rise in the previous quarter, where the launch of J'den at benchmark prices and transactions at Hillock Green had helped to push up prices in Q4 2023. The major OCR projects launched in Q1 2024 included Hillhaven, Lentoria, and Lentor Mansion, which became the best performing new launch project this year when it transacted 75% of its 533 units at an average price of $2,278 psf. Among the new projects in the Lentor area, Lentor Mansion has fetched a higher overall average price on $PSF basis, as it is the first project to be affected by the guidelines on harmonistion of gross floor area definitions. The 0.4% QOQ price growth is the slowest quarterly increase in the OCR in five quarters.
在 光學字符識別，繼上一季度房價環比上漲4.5％之後，2024年第一季度非有地房價環比上漲了0.4％ J'den 以基準價格和交易價格爲 希洛克格林 幫助推高了2023年第四季度的價格。2024年第一季度啓動的主要OCR項目包括Hillhaven、Lentoria和Lentor Mansion，它們以每平方英尺2,278美元的平均價格交易了其533套中的75％，成爲今年表現最好的新上市項目。在倫托地區的新項目中，Lentor Mansion按每平方英尺美元計算的總體平均價格有所提高，因爲這是第一個受統一總建築面積定義指導方針影響的項目。季度價格增長0.4％，是OCR五個季度以來最慢的季度增長。
In the landed homes segment, prices climbed by 3.4% QOQ in Q1 2024, compared with the 4.6% QOQ increase in Q4 2023. The price growth came despite a decline in transaction volumes across all landed property types – detached, semi-detached, and terrace – from Q4 to Q1. According to caveats lodged, there were 281 landed home transactions in Q1 2024 – down by about 15% from 330 transactions in the previous quarter.
在 有地房屋 細分市場，價格在2024年第一季度環比上漲了3.4％，而2023年第四季度同比增長了4.6％。儘管所有交易量都有所下降，但價格還是出現了增長 已降落 房產類型——獨立式、半獨立式和露臺——從第四季度到第一季度。根據提出的警告，2024年第一季度共有281筆有地房屋交易，較上一季度的330筆交易下降了約15％。
Based on URA Realis caveat data, developers sold 1,030 new private homes (ex. EC) in Q1 2024 (till 17 March) – with the final figure likely to be relatively on par or a touch higher than the 1,092 new homes (ex. EC) shifted in the previous quarter. In Q1 2023, there were 1,256 new private residential units sold.
根據URA Realis的警告數據，開發商出售了1,030套新的私人住宅（例如EC）2024年第一季度（截至3月17日）——最終數字可能相對持平或略高於1,092套新房（例如EC）在上一季度發生了變化。2023年第一季度，共售出1,256套新的私人住宅單元。
Meanwhile, 2,072 units (ex. EC) were transacted on the private residential resale market in the quarter (till 19 March) – in what could mark the slowest quarterly resale market activity since 933 units were resold in Q2 2020, when the Circuit Breaker kicked in during the Covid-19 pandemic. In Q4 2023, 2,831 private homes were transacted on the resale market.
同時，2,072 個單位（例如EC）在本季度（截至3月19日）在私人住宅轉售市場上交易——這可能是自2020年第二季度Covid-19疫情期間斷路器啓動的933套轉售以來最慢的季度轉售市場活動。2023年第四季度，轉售市場上交易了2831套私人住宅。
Please attribute the comments below to Ismail Gafoor, CEO of PropNex Realty.
請將以下評論歸因於PropNEX Realty首席執行官伊斯梅爾·加福爾。
"The private home sales market got off to a slow start in 2024, but we are seeing some signs of rekindling interest in home purchase, particularly in March where the launch of Lentor Mansion saw 75% of the total units transacted in a single weekend. The relaunch of Cuscaden Reserve recently also raked in sales at the CCR project, with Singaporeans accounting for a big chunk of the transactions.
“2024年，私人住宅銷售市場起步緩慢，但我們看到了一些重新燃起購房興趣的跡象，尤其是在3月，Lentor Mansion的推出使75％的單位在單週末成交。Cuscaden Reserve的重新啓動最近也提高了CCR項目的銷售額，新加坡人佔交易的很大一部分。
These are encouraging signs and we hope that they could help to lift market sentiment ahead, following a lackluster 2023 which saw developers' sales hit a 15-year low. Other factors that could help to support the housing market later in the year include the potential easing of interest rates and prospects for improvement in the Singapore economy.
這些都是令人鼓舞的跡象，我們希望它們能夠幫助提振未來的市場情緒，此前2023年開發商的銷售額跌至15年來的最低水平。可能有助於在今年晚些時候支撐房地產市場的其他因素包括可能放鬆利率以及新加坡經濟改善的前景。
From our observations, there is resilience and ample liquidity in the market, but buyers are perhaps holding back, waiting for the right projects that are sensitively-priced and that the price quantum will sit well within their housing budget. It is telling that the attractive price quantum at Lentor Mansion, and the price adjustment at Cuscaden Reserve have pulled buyers in. Following a few years of price increase, buyers will be keen to see some stability in prices, and that is where we think the market is headed. With developers managing launch prices carefully to garner sales momentum at the initial stage of the launch, we think new home sales could improve further in the rest of the year as more new projects come on.
根據我們的觀察，市場具有彈性和充足的流動性，但買家可能會退縮，等待定價敏感且價格量完全符合其住房預算的合適項目。倫託大廈誘人的價格和庫斯卡登儲備銀行的價格調整吸引了買家，這很有說服力。經過幾年的價格上漲，買家將渴望看到價格的穩定，而這正是我們認爲市場的發展方向。隨着開發商謹慎管理啓動價格，在發佈初始階段獲得銷售勢頭，我們認爲，隨着更多新項目的到來，今年餘下的時間裏，新屋銷售可能會進一步改善。
Looking at the median transacted unit prices of new and resale non-landed private homes (ex. EC) sold, we note that prices are stabilising, particularly in the RCR and OCR – with new sales hovering at around $2,500 psf and resale at about $1,700 psf in the RCR, and around $2,200 psf and $1,400 psf for new and resale OCR homes respectively (see Table 3), according to caveats lodged. Meanwhile, the median unit price gap between new and resale non-landed homes sold in Q1 2024 ranged from about 46% to 58% across the three sub-markets.
查看新建和轉售非有地私人住宅的交易單位價格中位數（例如EC）已售出，我們注意到價格正在穩定，尤其是RCR和OCR——根據提出的警告，新增銷售額徘徊在每平方英尺2,500美元左右，RCR的轉售價格約爲每平方英尺1,700美元，新房和轉售的OCR房屋分別約爲每平方英尺2,200美元和1,400美元（見表3）。同時，在三個子市場中，2024年第一季度出售的新建和轉售非有地房屋之間的單價差距中位數在46％至58％之間。
Table 3: Median transacted unit price of non-landed private home new sales and resales (ex. EC) by region by quarter
表 3：非有地私人住宅新銷售和轉售的交易單價中位數（例如EC) 按地區逐季度劃分
CCR | RCR | OCR | |||||||
New sale | Resale | Gap % | New sale | Resale | Gap % | New sale | Resale | Gap % | |
2023Q1 | $2,926 | $2,114 | 38.4% | $2,651 | $1,658 | 59.9% | $2,073 | $1,317 | 57.4% |
2023Q2 | $2,905 | $2,096 | 38.6% | $2,493 | $1,688 | 47.7% | $2,024 | $1,369 | 47.8% |
2023Q3 | $2,923 | $2,003 | 45.9% | $2,507 | $1,711 | 46.5% | $2,080 | $1,385 | 50.2% |
2023Q4 | $3,196 | $2,086 | 53.2% | $2,523 | $1,765 | 42.9% | $2,265 | $1,426 | 58.8% |
2024Q1* | $3,204 | $2,067 | 55.0% | $2,573 | $1,763 | 45.9% | $2,231 | $1,412 | 58.0% |
QOQ % | 0.3% | -0.9% | 2.0% | -0.1% | -1.5% | -1.0% | |||
YOY% | 9.5% | -2.2% | -2.9% | 6.3% | 7.6% | 7.2% | |||
CCR | RCR | 光學字符識別 | |||||||
新品促銷 | 轉售 | 差距% | 新品促銷 | 轉售 | 差距% | 新品促銷 | 轉售 | 差距% | |
2023 年第一季度 | 2,926 美元 | 2,114 美元 | 38.4% | 2,651 美元 | 1,658 美元 | 59.9% | 2,073 美元 | 1,317 美元 | 57.4% |
2023 年第二季度 | 2,905 美元 | 2,096 美元 | 38.6% | 2,493 美元 | 1,688 美元 | 47.7% | 2,024 美元 | 1,369 美元 | 47.8% |
2023 年第三季度 | 2,923 美元 | 2,003 美元 | 45.9% | 2,507 美元 | 1,711 美元 | 46.5% | 2,080 美元 | 1,385 美元 | 50.2% |
2023 年第 4 季度 | 3,196 美元 | 2,086 美元 | 53.2% | 2,523 美元 | 1,765 美元 | 42.9% | 2,265 美元 | 1,426 美元 | 58.8% |
2024 年第一季度* | 3,204 美元 | 2,067 美元 | 55.0% | 2,573 美元 | 1,763 美元 | 45.9% | 2,231 美元 | 1,412 美元 | 58.0% |
QOQ% | 0.3% | -0.9% | 2.0% | -0.1% | -1.5% | -1.0% | |||
YOY% | 9.5% | -2.2% | -2.9% | 6.3% | 7.6% | 7.2% | |||
Source: PropNex Research, URA Realis (*new sale data up till 17 March, resale data up till 19 March 2024)
來源：PropNEX Research、URA Realis（*截至3月17日的新銷售數據，截至2024年3月19日的轉售數據）
In Q1 2024 (till 19 March), foreigners (non-PR) accounted for 1.2% of the total new sale and resale non-landed private home transactions (ex. EC), based on URA Realis caveat data (see Table 4). This represents a dip from 1.7% in Q4 2023 and it is the lowest proportion of new and resale non-landed private homes purchased by foreigners on record since 1995. The proportion of Singaporean buyers, meanwhile, rose to 83% in Q1 2024 from 81.9% in the previous quarter, while Singapore PRs made up 15.6% of the transactions.
在2024年第一季度（截至3月19日），外國人（非永久居民）佔新銷售和轉售非有地私人住宅交易總額的1.2％（例如EC），基於URA Realis的警告數據（見表4）。這比2023年第四季度的1.7％有所下降，這是自1995年以來外國人有記錄以來購買的新建和轉售非有地私人住宅比例最低的一次。同時，新加坡買家的比例從上一季度的81.9％上升到2024年第一季度的83％，而新加坡永久居民佔交易的15.6％。
Table 4: Non-landed new private home sales and non-landed resales (ex. EC) by nationality by residential status by Quarter
表 4： 未登陸的新品 私人房屋銷售和 非到地轉售 （例如。EC) 按國籍按居住身份分列按季度劃分
Nationality by Residential Status | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 | 2024Q1 |
Company | 0.1% | 0.2% | 0.1% | 0.2% | 0.7% | 0.1% | 0.1% | 0.1% | - |
Foreigner (NPR) | 3.1% | 4.9% | 4.7% | 7.2% | 7.2% | 4.2% | 1.8% | 1.7% | 1.2% |
Singapore Permanent Residents (PR) | 18.0% | 17.1% | 15.9% | 20.8% | 19.9% | 16.1% | 16.7% | 16.3% | 15.6% |
Singaporean | 78.7% | 77.9% | 79.2% | 71.8% | 72.2% | 79.5% | 81.4% | 81.9% | 83.1% |
按居住身份劃分的國籍 | 2022Q1 | 2022 年第二季度 | 2022Q3 | 2022 年第 4 季度 | 2023 年第一季度 | 2023 年第二季度 | 2023 年第三季度 | 2023 年第 4 季度 | 2024 年第 1 季度 |
公司 | 0.1% | 0.2% | 0.1% | 0.2% | 0.7% | 0.1% | 0.1% | 0.1% | - |
外國人（美國國家公共電臺） | 3.1% | 4.9% | 4.7% | 7.2% | 7.2% | 4.2% | 1.8% | 1.7% | 1.2% |
新加坡永久居民 (PR) | 18.0% | 17.1% | 15.9% | 20.8% | 19.9% | 16.1% | 16.7% | 16.3% | 15.6% |
新加坡人 | 78.7% | 77.9% | 79.2% | 71.8% | 72.2% | 79.5% | 81.4% | 81.9% | 83.1% |
Source: PropNex Research, URA Realis (*new sale data up till 17 March, resale data up till 19 March 2024)
來源：PropNEX Research、URA Realis（*截至3月17日的新銷售數據，截至2024年3月19日的轉售數據）
We expect home sales to continue to be driven predominantly by Singaporeans and Singapore PRs. Hence, developers will need to consider the budget and needs of these local buyers when they price and design their projects – so as to better cater to the local market. Overall, we expect that private home prices could rise by a slower 4% to 5% in 2024, while new private home sales could possibly come in at 7,000 to 7,500 units (ex. EC), and private resale volume may hover at around 13,000 to 14,000 units."
我們預計，房屋銷售將繼續主要由新加坡人和新加坡永久居民推動。因此，開發商在定價和設計項目時需要考慮這些本地買家的預算和需求，以更好地迎合當地市場。總體而言，我們預計，2024年私人住宅價格的上漲幅度可能會放緩4％至5％，而新的私人住宅銷售量可能達到7,000至7,500套（例如EC），私人轉售量可能徘徊在13,000至14,000套左右。”
Q1 2024 HDB Resale Price Index (Flash)
2024年第一季度HDB轉售價格指數（Flash）
Flash estimates released by the Housing and Development Board (HDB) indicated that resale flat prices rose by 1.7% QOQ, accelerating from the 1.1% QOQ increase in the previous quarter (see Table 5). This marks the 16th straight QOQ growth in the HDB Resale Price Index. The HDB said there were 6,928 HDB flats resold in Q1 2024 (up till 27 Mar 2024) – up by 5.5% from the same period last year (up to 27 Mar 2023, 6,567 flats resold).
住房與發展委員會（HDB）發佈的快速估計表明，轉售公寓價格環比上漲了1.7％，高於上一季度的1.1％（見表5）。這標誌着 16第四 HDB轉售價格指數的季度環比連續增長。建屋發展銀行表示，2024年第一季度（截至2024年3月27日）共轉售了6,928套建屋發展局公寓，比去年同期（截至2023年3月27日，轉售了6,567套公寓）增長了5.5％。
Table 5: HDB Resale Price Index
表 5：HDB 轉售價格指數
Quarter | QOQ % change | YOY % change |
Q1 2021 | 3.0% | 8.1% |
Q2 2021 | 3.0% | 11.0% |
Q3 2021 | 2.9% | 12.5% |
Q4 2021 | 3.4% | 12.7% |
Q1 2022 | 2.4% | 12.2% |
Q2 2022 | 2.8% | 12.0% |
Q3 2022 | 2.6% | 11.6% |
Q4 2022 | 2.3% | 10.4% |
Q1 2023 | 1.0% | 8.8% |
Q2 2023 | 1.5% | 7.5% |
Q3 2023 | 1.3% | 6.2% |
Q4 2023 | 1.1% | 4.9% |
Q1 2024 Flash | 1.7% | 5.7% |
季度 | QOQ 變化百分比 | 同比變化百分比 |
2021 年第一季度 | 3.0% | 8.1% |
2021 年第二季度 | 3.0% | 11.0% |
2021 年第三季度 | 2.9% | 12.5% |
2021 年第四季度 | 3.4% | 12.7% |
2022年第一季度 | 2.4% | 12.2% |
2022 年第二季度 | 2.8% | 12.0% |
2022年第三季度 | 2.6% | 11.6% |
2022年第四季度 | 2.3% | 10.4% |
2023 年第一季 | 1.0% | 8.8% |
2023 年第二季度 | 1.5% | 7.5% |
2023 年第三季度 | 1.3% | 6.2% |
2023 年第四季度 | 1.1% | 4.9% |
2024 年第一季度閃光燈 | 1.7% | 5.7% |
Source: PropNex Research, HDB
資料來源：PropNEX Research，HDB
Please attribute the comments below to Wong Siew Ying, Head of Research and Content, PropNex Realty.
請將以下評論歸因於PropNEX Realty研究與內容主管黃秀英。
"Flash estimates showed that HDB resale flat prices found some renewed strength in Q1 2024, rising by 1.7% QOQ - the highest quarterly price gain since Q4 2022 (+2.3% QOQ). The price growth is likely supported by several factors, including healthy resale flat demand, a higher number of flats resold for at least $1 million, a slightly larger proportion of flats sold at a higher price range, as well as a steady proportion of relatively newer resale flats sold in the quarter which supported prices.
“快速估計顯示，HDB的轉售公寓價格在2024年第一季度再次走強，環比上漲了1.7％，這是自2022年第四季度（環比增長2.3％）以來的最高季度價格漲幅。價格增長可能受到多個因素的支持，包括良好的轉售公寓需求，售價至少爲100萬美元的公寓數量增加，以較高價格區間出售的公寓比例略高，以及本季度售出的相對較新的轉售公寓比例穩定地支撐了價格。
Chart 1: Number of HDB resale flats sold for at least $1 million by quarter
圖1：按季度分列的以至少100萬美元售價的組屋發展局轉售公寓數量
Source: PropNex Research, data.gov.sg (data till 31 March 2024)
資料來源：PropNEX Research，data.gov.sg（數據截至 2024 年 3 月 31 日）
According to transaction data, the number of HDB flats resold for at least $1 million has risen for the fifth straight quarter in Q1 2024, with 185 such flats sold. This is also the highest number of million-dollar resale flats transacted on a quarterly basis – boosted by the record-breaking 74 deals done in January 2024 (50 units in February; 61 units in March).
根據交易數據，數量 HDB 2024年第一季度，以至少100萬美元的價格轉售的公寓已連續第五個季度上漲，共售出185套此類公寓。這也是按季度交易的百萬美元轉售公寓數量最高的——受2024年1月創紀錄的74筆交易（2月份爲50套；3月爲61套）的推動。
During the quarter, two DBSS 5-room flats in Toa Payoh fetched more than $1.5 million each – smashing the previous record price set by an adjoined flat in Moh Guan Terrace in Bukit Merah which was resold for $1.5 million in June 2023. The top HDB resale transaction in Q1 2024 - and now a record high price - was for a 117-sq m 5-room flat located on the floor ranging between 40 and 42-storey at 139A Lorong 1A Toa Payoh, which garnered a price of about $1.569 million when it was resold in January 2024.
在本季度，位於大巴窯的兩套星展安全五室公寓每套售價超過150萬美元，打破了武吉美拉莫關露臺毗鄰公寓創下的紀錄價格，該公寓於2023年6月以150萬澳元的價格轉售。2024年第一季度最高的HDB轉售交易——現在是創紀錄的高價——是一套117平方米的5室公寓，樓層在40至42層之間，位於大巴窯139A Lorong 1A 1A，該公寓在2024年1月轉售時獲得了約156.9萬美元的價格。
The million-dollar resale flat transactions accounted for about 2.7% of the sales volume in Q1 2024 – up from 2.1% in the previous quarter. We note that the proportion of resale flat transactions priced at between $600,000 and just under $1 million has also ticked up in Q1 2024 to about 40% of the quarter's deals, compared with 37% in Q4 2023 (see Chart 2).
百萬美元的轉售公寓交易約佔2024年第一季度銷售額的2.7％，高於上一季度的2.1％。我們注意到，定價在60萬美元至略低於100萬美元之間的轉售公寓交易的比例在2024年第一季度也上升至該季度交易的40％左右，而2023年第四季度的這一比例爲37％（見圖2）。
Chart 2: Proportion of HDB resale transactions by price range by quarter
圖2：按價格區間劃分的按季度劃分的HDB轉售交易比例
Source: PropNex Research, data.gov.sg (data till 31 March 2024)
資料來源：PropNEX Research，data.gov.sg（數據截至 2024 年 3 月 31 日）
Another factor that could have help to prop up prices could be the relatively steady proportion of newer flats resold in Q4 2023 and Q1 2024 as such flats tend to command higher prices in view of their longer remaining lease. Based on transaction data, about 27% of the resale flats sold in each of the two quarters had a lease balance of 90 years or more.
另一個可能有助於支撐價格的因素可能是2023年第四季度和2024年第一季度轉售的新公寓比例相對穩定，因爲鑑於租約期限較長，此類公寓的價格往往更高。根據交易數據，在兩個季度中每個季度出售的轉售公寓中，約有27％的租賃餘額爲90年或更長時間。
Overall, we expect the HDB resale market to remain stable this year, with resale prices projected to rise at 5% to 6% for the whole of 2024. We estimate that HDB resale volume could come in at around 26,000 to 27,000 units this year."
總體而言，我們預計今年HDB轉售市場將保持穩定，預計2024年全年轉售價格將上漲5％至6％。我們估計，今年HDB的轉售量可能在26,000至27,000輛左右。”
譯文內容由第三人軟體翻譯。