HDB Resale Volume Falls Third-month in a Row in October
HDB Resale Volume Falls Third-month in a Row in October
"The sales decline could be attributed to some buyers shifting to the Transaction volume fell 2.7% in October, whilst it dropped 14.9% in September.
十月份成交量下降了2.7%，而九月份下降了14.9%。
Housing & Development Board resale prices in Singapore rose by 0.3% in October on a month-month (MoM) basis, whilst transaction volume dipped 2.7% MoM to 2,158 HDB resales.
新加坡房屋发展局10月份的二手房转售价格按月上涨了0.3%，而交易量下降了2.7%，降至2,158套HDB转售房。
This marks the third consecutive month that transaction volume has declined.
这标志着交易量连续第三个月下降。
"The sales decline could be attributed to some buyers shifting to the primary market, as the government launched more than 8,500 new flats in the October BTO sales launch," according to Christine Sun, Chief Researcher & Strategist at OrangeTee in a note.
“销售下降可能归因于一些购房者转向一手房市场，因为政府在10月推出的BTO销售中推出了超过8,500套新居。”据OrangeTee首席研究员兼策略师Christine Sun在一份备忘录中表示。
"The sales launch offered a variety of housing options for eligible buyers, with many new flats having shorter completion times, creating competition for resale flats," Sun added.
“销售推出为符合条件的购房者提供了多种住房选择，许多新居建成时间更短，增加了与转售房的竞争，” Sun补充道。
Likewise, Luqman Hakim, Chief Data & Analytics Officer at 99.co said the new flats, particularly those with shorter waiting times, are likely to attract buyers seeking quicker housing solutions. This could potentially divert demand from the resale market. Meanwhile, if upcoming BTO launches maintain similar appeal, this could weigh on resale demand and slow price growth over time.
同样，99.co的首席数据与分析官Luqman Hakim表示，新居，尤其是等待时间较短的新居，可能会吸引寻求更快住房解决方案的购房者。这可能会从转售市场转移需求。与此同时，如果即将推出的BTO项目保持类似的吸引力，这可能会对转售需求产生影响，并随着时间推移而减缓价格增长。
Meanwhile, for Mark Yip, CEO, of Huttons Asia, the market was "stable" in October.
与此同时，Huttons Asia的首席执行官Mark Yip表示，市场在10月份“稳定”。
"The introduction of cooling measures in Aug 2024 may have led to some buyers holding back their purchase.
“2024年8月出台的降温措施可能导致一些购房者推迟购房。
This could be temporary and activities may return to normal in the next few months as the reduction in LTV is not expected to have a big impact on the resale market," Yip said in a note.
“这可能是暂时的，随着贷款价值比的降低不太可能对二手市场产生重大影响，活动可能在未来几个月内恢复正常，”克莉丝汀在一份说明中说。
Mature Estate prices edged up by 0.1% and Non-Mature Estate prices increased by 0.5%. By flat type, prices for 3-room units went up by 0.4%, 5-room units by 0.2%, and Executive flats by 1.8%, whilst 4-room units saw a slight decline of 0.2%.
成熟的屋邨价格微涨0.1%，非成熟的屋邨价格增长0.5%。按单位类型，3房单位价格上涨0.4%，5房单位上涨0.2%，行政单位上涨1.8%，而4房单位略有下降0.2%。
Year-on-year (YoY), HDB resale prices increased by 9.8% from October 2023. Specifically, 3-room flats rose by 9.8%, 4-room flats by 10.1%, 5-room flats by 9.2%, and Executive flats by 8.3%. Mature Estates and Non-Mature Estates also saw annual price increases of 8.6% and 10%, respectively.
从2023年10月份开始，HDb转售价较去年同期增长了9.8%。具体来说，3房单位上涨了9.8%，4房单位上涨了10.1%，5房单位上涨了9.2%，行政单位上涨了8.3%。成熟和非成熟的屋邨分别看到了年度价格增长，分别为8.6%和10%。
Of the October transactions, 27.1% were 3-room flats, 42.7% were 4-room, 23.5% were 5-room, and 6.6% were Executive flats. Non-Mature Estates accounted for 60.9% of the sales, whilst Mature Estates made up the remaining 39.1%.
在十月的交易中，27.1%是3房单位，42.7%是4房，23.5%是5房，6.6%是行政单位。非成熟的屋邨占销售的60.9%，而成熟的屋邨占剩下的39.1%。
The highest resale transaction in October was S$1.54m for a 5-room flat on Cantonment Road, with the highest in Non-Mature Estates at S$1.155m for an Executive flat on Woodlands Street 82.
十月份最高的转售交易是在康德门路上售出154万新元的一间5房单位，而非成熟的屋邨中最高的是在兀兰第82街以115.5万新元出售的一间行政单位。
A total of 103 HDB resale flats sold for at least S$1m, slightly down from 106 in September, representing 4.8% of the month's resale transactions.
共有103间HDb转售单位至少售出了100万新元，略低于九月的106间，占当月转售交易的4.8%。
Toa Payoh recorded the most million-dollar sales with 18 units, followed by Kallang/Whampoa with 15, Bukit Merah with 13, and Queenstown with 12. Other million-dollar sales were spread across areas including Bishan, Ang Mo Kio, and Woodlands.
大巴窑以18个单位记录了最多的百万级销售，其次是加冷/黄埔有15个、红山有13个以及女皇镇有12个。其他百万级销售分布在包括碧山、宏茂桥和兀兰在内的地区。
Outlook
展望
For Hutton's Yip, "interest rate is beginning to trend downwards and it may lead to more demand for HDB resale flats. Prices may continue to increase in the coming months,"
对于何顿的叶来说，“利率期货开始下降，可能会导致对HDb转售公寓的需求增加。未来几个月价格可能会继续上涨。”
The impact of high asking prices and the BTO launch contributed to a decline in resale transaction volume in October. Nonetheless, demand is projected to recover in the coming months as lower interest rates reduce borrowing costs, supporting higher loan amounts, according to Hakim in a research note.
高要价和BTO推出的影响导致了10月份转售交易量的下降。然而，随着较低利率降低借款成本，支持更高贷款金额，据哈基姆在一份研究报告中表示，预计需求将在未来几个月恢复。
Similarly, Sun expects demand to stay subdued in the next two months, whilst buying activity traditionally declines during the year-end holiday season.
同样，Sun预计未来两个月需求将保持低迷，而购买活动在年末假期季节传统上会下降。
"Nevertheless, many BTO projects in the October sales exercise were oversubscribed. Those who do not get a queue number may opt for the resale market instead of waiting for the next launch, which will occur in four months," Sun said.
“然而，10月销售活动中许多BTO项目都出现了超额认购。那些没有得到排队号码的人可能会选择转售市场，而不是等待下一次推出，下次推出将在四个月后进行，” Sun说。
Meanwhile, resale prices are projected to remain steady, largely due to the limited supply of flats meeting the 5-year Minimum Occupation Period (MOP) requirement.
与此同时，由于符合5年最短居住期限（MOP）要求的公寓供应有限，转售价格预计将保持稳定。
"Furthermore, sellers in prime or desirable locations may use the 5-year Minimum Occupation Period (MOP) as a bargaining chip since new flats in similar locations require a longer, 10-year MOP," concluded Sun.
此外，在黄金地段或理想位置的卖家可能会将5年最短居住期限（MOP）作为一个筹码，因为类似位置的新公寓需要更长的10年MOP，”Sun总结道。
