November to December 2011 has been an eventful month for the Singapore property market – increase in HDB property taxes, Additional Buyer’s Stamp Duty (ABSD) – just to name a couple of important ones.
Though we may not be able to make changes to the above, we can certainly arm you with relevant information and help you make better property decisions when buying, selling or renting your home. This is exactly what iProperty.com Singapore Monthly Site Search Report is aimed at doing.
And what’s great from this report? We’ve upgraded it by including the average PSF prices of the Top 10 Most Searched Districts, and the median resale prices and average PSF prices (all room types) of the Top 10 Most Searched HDB Estates. We hope you enjoy this report, and that it helps you make better property buying or selling decisions.
Top 10 Most Searched Districts – Nov 2011
In the month of November 2011, there were 1,662 private properties (landed and non-landed) transacted - a 48.8% drop compared to November 2010, and a 35.0% drop compared to last month. The overall average PSF prices of private properties increased by 4.40% to S$1,116 from October’s S$1,069. This is also a decrease of 1.50% from November 2010.
(As cavaets may not be fully lodged at URA, the numbers above may change. Data is accurate as of December 16, 2011.)
Top 10 Most Searched HDB Estates – Nov 2011
The top 10 Most Searched HDB Estates saw the usual suspects – Bedok, Bishan, Tampines, Ang Mo Kio, Serangoon, Punggol, Woodlands and Clementi remained much sought-after areas to live in for HDB dwellers. Out of these, we can easily gather the popularity of mature estates when it comes looking for a HDB flat. Proximity to schools, MRT and amenities like market and heartland malls remain top considerations for property buyers.
There were 1,735 resale HDB flats transacted in November 2011. The average PSF prices for resale HDB have been steadily increasing in the year, reaching an average of S$430 psf for all HDB types in November 2011.
HDB also released 4,200 new HDB flats in November 2011. There will be 25,000 more new flats scheduled to be released in 2012.