HDB resale prices rose by 2.5% in the fourth quarter of2010, a tad higher than the 2.4% climb estimated earlier thismonth. For the whole of 2010, HDB resale prices rose by14.1%. The number of resale transactions fell by about 21%,from 8,205 in 3Q10 to 6,454 in 4Q10. The total number ofresale transactions in 2010 fell to 32,257, a decline of 13%over 2009's volume. HDB plans to offer up to 22,000 newflats under the build-to-order (BTO) system if demand issustained.
URA expects 8,430 new private homes to be completed in2011. Close to half of the estimated units will be in theupmarket core central region. This estimate was raised by25% from three months ago. In October 2010, URAestimated that 6,766 new private homes will be completed in2011. URA currently estimates that 8,116 units will becompleted in 2012; 17,111 units in 2013; 17,421 units in2014; and 13,453 units in 2015.
As less PR, mass private property market will be better for investment. Because more foreigners have to buy private property.
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