04 Nov '17, 4am

Fewer resale HDB flats sold last quarter

Fewer resale HDB flats sold last quarter

The third quarter seemed to signal quite a few changes in the real estate market. Small tweaks and signs set aside different segments within the same sector. And these signs could also point to what’s ahead. Bukit Panjang Resale HDB flat transactions lower in Q3 For the past 4 years, prices of resale HDB flat gradually fell from its peak in 2013, albeit very slightly. When flat prices fell, transaction volume made up for the difference. In the last quarter, however, fewer units changed hands despite the lower prices. Competition have come new build-to-order (BTO) flats , executive condominiums (ECs) and an expanding pool of more price-palatable private properties . Resale flat transactions fell 3.2% last quarter. 5,808 units were sold in comparison to the 6,001 in Q2. The only other time the number of units sold crossed the 6,000-unit mark was in Q3 of 2012 when 6,560 resa...

Full article: https://www.iproperty.com.sg/news/fewer-resale-hdb-flats-...

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