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.
今天发布的快速估算显示，私人住宅物业和HDB转售公寓板块的房价在2024年第一季度均有所上涨，尽管速度各不相同。由于销售量疲软和上一季度的基数上升，2024年第一季度整体私人住宅价格增长放缓，而由于健康的需求和更多的高价值交易给2024年第一季度的转售公寓价格带来上行压力，HDB的转售公寓价格再次走强。快速估算追踪了截至3月中旬的交易情况；整个季度的最终报告将于2024年4月26日公布。
Q1 2024 URA Private Residential Property Index (Flash)
2024年第一季度市建局私人住宅物业指数（快讯）
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）的快速估计显示，整体私人住宅价格在2024年第一季度环比上涨了1.5％，低于上一季度2.8％的环比增长（见表1）。价格的放缓可以归因于节日期间第一季度的销售相对无精打采，以及2023年交易放缓后的初步购买情绪。
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：市建局私人物业价格指数
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 |
价格指数 | 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 （闪光灯） |
（季度环比变化） | （同比变化百分比） | （季度环比变化） | ||||
总体生产者价格指数 | 3.3 | -0.2 | 0.8 | 2.8 | 6.8 | 1.5 |
已着陆 | 5.9 | 1.1 | -3.6 | 4.6 | 8.0 | 3.4 |
未着陆 | 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 |
· 光学字符识别 | 1.9 | 1.2 | 5.5 | 4.5 | 13.7 | 0.4 |
Source: PropNex Research, URA
资料来源：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 细分市场，继上一季度环比增长2.3％之后，价格在2024年第一季度环比增长了1％。价格增长主要是由以下因素推动的 核心中部区域 (RCR) 2024年第一季度价格环比上涨3.1％，较上一季度3.9％的环比增长略有放缓，当时的销售交易量为 Watten House 帮助提振了价格。在2024年第一季度，CCR中最大的非有地房屋交易是两套单元的转售 丽思卡尔顿公寓 新加坡凯恩希尔每家的售价为1,650万美元（合5,397美元）。当4月晚些时候发布最终报告时，CCR房地产价格指数可能会小幅上涨，届时进一步的交易将在 库斯卡登保护区 在重新启动期间，数据中会考虑在内。PropNEX销售团队表示，自2024年3月16日重新启动销售以来，Cuscaden Reserve迄今已售出80套，平均价格略高于每平方英尺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 光学字符识别，继上一季度房价环比上涨4.5％之后，2024年第一季度非有地房价环比上涨了0.4％ J'den 以基准价格和交易价格为 希洛克格林 帮助推高了2023年第四季度的价格。2024年第一季度启动的主要OCR项目包括Hillhaven、Lentoria和Lentor Mansion，它们以每平方英尺2,278美元的平均价格交易了其533套中的75％，成为今年表现最好的新上市项目。在伦托地区的新项目中，Lentor Mansion按每平方英尺美元计算的总体平均价格有所提高，因为这是第一个受统一总建筑面积定义指导方针影响的项目。季度价格增长0.4％，是OCR五个季度以来最慢的季度增长。
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 细分市场，价格在2024年第一季度环比上涨了3.4％，而2023年第四季度同比增长了4.6％。尽管所有交易量都有所下降，但价格还是出现了增长 已降落 房产类型——独立式、半独立式和露台——从第四季度到第一季度。根据提出的警告，2024年第一季度共有281笔有地房屋交易，较上一季度的330笔交易下降了约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.
根据URA Realis的警告数据，开发商出售了1,030套新的私人住宅（例如EC）2024年第一季度（截至3月17日）——最终数字可能相对持平或略高于1,092套新房（例如EC）在上一季度发生了变化。2023年第一季度，共售出1,256套新的私人住宅单元。
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.
同时，2,072 个单位（例如EC）在本季度（截至3月19日）在私人住宅转售市场上交易——这可能是自2020年第二季度Covid-19疫情期间断路器启动的933套转售以来最慢的季度转售市场活动。2023年第四季度，转售市场上交易了2831套私人住宅。
Please attribute the comments below to Ismail Gafoor, CEO of PropNex Realty.
请将以下评论归因于PropNEX Realty首席执行官伊斯梅尔·加福尔。
"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，私人住宅销售市场起步缓慢，但我们看到了一些重新燃起购房兴趣的迹象，尤其是在3月，Lentor Mansion的推出使75％的单位在单周末成交。Cuscaden Reserve的重新启动最近也提高了CCR项目的销售额，新加坡人占交易的很大一部分。
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.
这些都是令人鼓舞的迹象，我们希望它们能够帮助提振未来的市场情绪，此前2023年开发商的销售额跌至15年来的最低水平。可能有助于在今年晚些时候支撑房地产市场的其他因素包括可能放松利率以及新加坡经济改善的前景。
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.
根据我们的观察，市场具有弹性和充足的流动性，但买家可能会退缩，等待定价敏感且价格量完全符合其住房预算的合适项目。伦托大厦诱人的价格和库斯卡登储备银行的价格调整吸引了买家，这很有说服力。经过几年的价格上涨，买家将渴望看到价格的稳定，而这正是我们认为市场的发展方向。随着开发商谨慎管理启动价格，在发布初始阶段获得销售势头，我们认为，随着更多新项目的到来，今年余下的时间里，新屋销售可能会进一步改善。
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.
查看新建和转售非有地私人住宅的交易单位价格中位数（例如EC）已售出，我们注意到价格正在稳定，尤其是RCR和OCR——根据提出的警告，新增销售额徘徊在每平方英尺2,500美元左右，RCR的转售价格约为每平方英尺1,700美元，新房和转售的OCR房屋分别约为每平方英尺2,200美元和1,400美元（见表3）。同时，在三个子市场中，2024年第一季度出售的新建和转售非有地房屋之间的单价差距中位数在46％至58％之间。
Table 3: Median transacted unit price of non-landed private home new sales and resales (ex. EC) by region by quarter
表 3：非有地私人住宅新销售和转售的交易单价中位数（例如EC) 按地区逐季度划分
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 | 光学字符识别 | |||||||
新品促销 | 转售 | 差距% | 新品促销 | 转售 | 差距% | 新品促销 | 转售 | 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)
来源：PropNEX Research、URA Realis（*截至3月17日的新销售数据，截至2024年3月19日的转售数据）
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），外国人（非永久居民）占新销售和转售非有地私人住宅交易总额的1.2％（例如EC），基于URA Realis的警告数据（见表4）。这比2023年第四季度的1.7％有所下降，这是自1995年以来外国人有记录以来购买的新建和转售非有地私人住宅比例最低的一次。同时，新加坡买家的比例从上一季度的81.9％上升到2024年第一季度的83％，而新加坡永久居民占交易的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： 未登陆的新品 私人房屋销售和 非到地转售 （例如。EC) 按国籍按居住身份分列按季度划分
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% |
按居住身份划分的国籍 | 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% | - |
外国人（美国国家公共电台） | 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)
来源：PropNEX Research、URA Realis（*截至3月17日的新销售数据，截至2024年3月19日的转售数据）
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."
我们预计，房屋销售将继续主要由新加坡人和新加坡永久居民推动。因此，开发商在定价和设计项目时需要考虑这些本地买家的预算和需求，以更好地迎合当地市场。总体而言，我们预计，2024年私人住宅价格的上涨幅度可能会放缓4％至5％，而新的私人住宅销售量可能达到7,000至7,500套（例如EC），私人转售量可能徘徊在13,000至14,000套左右。”
Q1 2024 HDB Resale Price Index (Flash)
2024年第一季度HDB转售价格指数（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).
住房与发展委员会（HDB）发布的快速估计表明，转售公寓价格环比上涨了1.7％，高于上一季度的1.1％（见表5）。这标志着 16第四 HDB转售价格指数的季度环比连续增长。建屋发展银行表示，2024年第一季度（截至2024年3月27日）共转售了6,928套建屋发展局公寓，比去年同期（截至2023年3月27日，转售了6,567套公寓）增长了5.5％。
Table 5: HDB Resale Price Index
表 5：HDB 转售价格指数
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 变化百分比 | 同比变化百分比 |
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 年第一季度闪光灯 | 1.7% | 5.7% |
Source: PropNex Research, HDB
资料来源：PropNEX Research，HDB
Please attribute the comments below to Wong Siew Ying, Head of Research and Content, PropNex Realty.
请将以下评论归因于PropNEX Realty研究与内容主管黄秀英。
"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.
“快速估计显示，HDB的转售公寓价格在2024年第一季度再次走强，环比上涨了1.7％，这是自2022年第四季度（环比增长2.3％）以来的最高季度价格涨幅。价格增长可能受到多个因素的支持，包括良好的转售公寓需求，售价至少为100万美元的公寓数量增加，以较高价格区间出售的公寓比例略高，以及本季度售出的相对较新的转售公寓比例稳定地支撑了价格。
Chart 1: Number of HDB resale flats sold for at least $1 million by quarter
图1：按季度分列的以至少100万美元售价的组屋发展局转售公寓数量
Source: PropNex Research, data.gov.sg (data till 31 March 2024)
资料来源：PropNEX Research，data.gov.sg（数据截至 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).
根据交易数据，数量 HDB 2024年第一季度，以至少100万美元的价格转售的公寓已连续第五个季度上涨，共售出185套此类公寓。这也是按季度交易的百万美元转售公寓数量最高的——受2024年1月创纪录的74笔交易（2月份为50套；3月为61套）的推动。
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，位于大巴窑的两套星展安全五室公寓每套售价超过150万美元，打破了武吉美拉莫关露台毗邻公寓创下的纪录价格，该公寓于2023年6月以150万澳元的价格转售。2024年第一季度最高的HDB转售交易——现在是创纪录的高价——是一套117平方米的5室公寓，楼层在40至42层之间，位于大巴窑139A Lorong 1A 1A，该公寓在2024年1月转售时获得了约156.9万美元的价格。
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).
百万美元的转售公寓交易约占2024年第一季度销售额的2.7％，高于上一季度的2.1％。我们注意到，定价在60万美元至略低于100万美元之间的转售公寓交易的比例在2024年第一季度也上升至该季度交易的40％左右，而2023年第四季度的这一比例为37％（见图2）。
Chart 2: Proportion of HDB resale transactions by price range by quarter
图2：按价格区间划分的按季度划分的HDB转售交易比例
Source: PropNex Research, data.gov.sg (data till 31 March 2024)
资料来源：PropNEX Research，data.gov.sg（数据截至 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.
另一个可能有助于支撑价格的因素可能是2023年第四季度和2024年第一季度转售的新公寓比例相对稳定，因为鉴于租约期限较长，此类公寓的价格往往更高。根据交易数据，在两个季度中每个季度出售的转售公寓中，约有27％的租赁余额为90年或更长时间。
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."
总体而言，我们预计今年HDB转售市场将保持稳定，预计2024年全年转售价格将上涨5％至6％。我们估计，今年HDB的转售量可能在26,000至27,000辆左右。”