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EVEN as Housing Board (HDB) flat prices show signs of moderating after frenetic rises last year, the HDB rental market seems to be bucking the trend with a sharp upswing in subletting deals.
The HDB's Resale Price Index rose by 2.8 per cent in the first quarter over the previous one - slower than the 3.9 per cent jump in the previous three months.
The level of resale deals sold above valuation also remained unchanged at a heady 93 per cent. Median cash-over-valuation was $25,000 - a marginal rise of $1,000 over the quarter before - while the number of resale deals fell 5 per cent to 8,484.
Experts say that the Government's aggressive moves to supply more flats are beginning to cool the sizzling market.
'The number of new build-to-order (BTO) flats to be launched by HDB this year in a variety of locations, supplemented by upcoming design, build and sell scheme and executive condominium projects, are expected to take some steam off the resale HDB market,' ERA Asia Pacific associate director Eugene Lim said.
Chesterton Suntec International's research and consultancy director Colin Tan noted the HDB plans to launch about 12,000 BTO flats in the first nine months of this year, up from its initial plan of the same number over the full year.
Now buying a flat is becoming an impossibity except for the freaking rich.
The HDB's Resale Price Index rose by 2.8 per cent in the first quarter over the previous one - slower than the 3.9 per cent jump in the previous three months.
The level of resale deals sold above valuation also remained unchanged at a heady 93 per cent. Median cash-over-valuation was $25,000 - a marginal rise of $1,000 over the quarter before - while the number of resale deals fell 5 per cent to 8,484.
Experts say that the Government's aggressive moves to supply more flats are beginning to cool the sizzling market.
'The number of new build-to-order (BTO) flats to be launched by HDB this year in a variety of locations, supplemented by upcoming design, build and sell scheme and executive condominium projects, are expected to take some steam off the resale HDB market,' ERA Asia Pacific associate director Eugene Lim said.
Chesterton Suntec International's research and consultancy director Colin Tan noted the HDB plans to launch about 12,000 BTO flats in the first nine months of this year, up from its initial plan of the same number over the full year.
Now buying a flat is becoming an impossibity except for the freaking rich.
