10 Dec '11, 12am

Property measures: HDB resale prices to hold up, say experts: By Esther Teo, Property Reporter Prices of Housing...

Property measures: HDB resale prices to hold up, say experts: By Esther Teo, Property Reporter Prices of Housing...

Prices of Housing Board (HDB) resale flats are expected to hold up as supply is tight but sales volumes could soften as buyers assess their options in the light of new cooling measures. -- ST PHOTO: ALPHONSUS CHERN By Esther Teo, Property Reporter Prices of Housing Board (HDB) resale flats are expected to hold up as supply is tight but sales volumes could soften as buyers assess their options in the light of new cooling measures. Experts say a stand-off between buyers and sellers is likely over the coming weeks as the stamp duty rules sink in. They believe most buyers will take a wait-and-see attitude, with some holding off purchasing a resale flat in anticipation of private home prices falling. Analysts say this is likely to happen, with some tipping prices to plunge by as much as 30 per cent next year. HDB resale prices rose 3.8 per cent to a record in the three months t...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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