08 Jan '18, 3pm

HDB resale prices posted 1.5% decline in 2017

HDB resale prices posted 1.5% decline in 2017

HDB resale prices dipped in the last quarter of 2017. Over the entire year, prices fell 1.5%, a much steeper decline than the 0.2% dip in 2016. The rate of decline has however been decreasing quarter on quarter. Q4 saw a 0.2% dip which was gentler than the 0.7% dip in Q3. Clementi Will HDB prices stabilise or pick up this year? This year, HDB has announced that they will be releasing about 17,000 build-to-order (BTO) units, on par with last year. How will this compute for the HDB market as more private properties reach completion and more HDB upgraders may be looking to sell their flats in the resale market? Most of the resale transactions from 2017 were by HDB owners who were upgrading to private properties. With the number of successful collective sales in the market last year, the demand for resale HDB flats might rise as this pool of buyers may consider public housing ...

Full article: https://www.iproperty.com.sg/news/hdb-resale-prices-poste...

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