A glimpse of Private Properties around Bedok Reservoir Road (WATERFRONT KEY-WAVE-GOLD-ISLE & BAYWATER) & HDB BEDOK RESERVOIR VIEW)
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You want to know how much your properties around Bedok Reservoir is worth and
- Is this the time to sell and the profit you are able to cash out?
- Your financial concern and payment timeline during the buy and sell process?
Singapore Private Home Price And HDB Resale Price Indices Sets New Peaks In Q3 2021
01 October 2021, SINGAPORE – The prices of private homes and HDB resale flats continued to climb in Q3 2021 according to the flash estimates released today. The healthy sales volumes – in particular, the HDB resale market and private landed homes – have helped to support prices during the quarter. The resiliency in prices is as expected with the strong demand for resale and new homes.
Q3 2021 Private Residential Property Index (Flash Estimate)
The flash estimate from the Urban Redevelopment Authority (URA) showed that overall private home prices rose for the sixth consecutive quarter in Q3 2021, rising by 0.9% QOQ – a slight pickup from the 0.8% growth in Q2 2021. On a year-on-year basis, the overall home prices grew by 7.3% in Q3 2021.
The price increase last quarter was led by the landed home segment, where prices moved up by 2.5% QOQ, a bounce back from the contraction of -0.3% in the previous quarter. In the third quarter of 2021, a number of record-beating sales of Good Class Bungalows (GCBs) as well as increasing demand for landed homes helped to pushed up overall landed home values.
Meanwhile, the non-landed private homes saw values inch up by a mere 0.5% QOQ, the slowest QOQ growth posted since the recovery in the later part of 2020. Within the non-landed homes segment, prices in the Rest of Central Region (RCR) booked the steepest QOQ increase among the sub-markets, growing by 2.2%. This is followed by the Core Central Region (CCR) and the Outside Central Region (OCR) which shrunk by -0.6% and -0.2% respectively.
With a PPI reading of 165 points in Q3 2021, the overall private home prices have reached a new peak. In the first nine months of 2021, private home prices have risen by 5.1%.
Q3 2021 HDB Resale Price Index (Flash Estimate)
The flash estimate released by the Housing and Development Board (HDB) showed that resale prices of public housing flats rose by 2.7% QOQ in Q3 2021. With an index reading of 150.4 in Q3 2021, the HDB resale price index has now surpassed the recent peak in Q2 2013 which had an index reading of 149.4.
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We have a handful of ready buyers whom are actively looking for houses in the Bedok Reservoir area. I would also be able to value add you to various marketing strategies with maximum exposure to your property to suit your need for a seamless and enjoyable sale experience.
If you are keen on the full home report of your current unit around Bedok Reservoir, do register on the link HERE for me to send the report to you. The report will include the past transactions of the unit and recent price transactions of the condo, estimated profit base on current valuation price, potential monthly rental and price comparison with similar condo nearby.
Recent Sales Transactions in Year 2021
If you need more info on the house rental around East Singapore, read HERE in my other blog.