02 Feb '18, 1am

Growing number of resale HDB flats sold

It is all-engines-go in the local real estate market as both private and public housing segments report back with rising numbers. Consistent 3-year rise in resale HDB flat prices Lower resale HDB flat prices have brought buyers back into the market as resale volume rose 6.1% last year. In fact, the number of resale HDB flats sold have risen consistently over the last 3 years. 22,077 resale flats exchanged hands in 2017. 17,318 units were sold in 2014, 19,306 in 2016 and 20,813 in 2016. Cashew Road. Picture: iProperty Though prices have yet to go on the rebound, it is positive sentiments all around. Some analysts are going as far as to say that 2018 may be the year prices of HDB flats stop falling. With 2018 as the starting point, there are expectations for HDB prices to rise 1% to 2% by the end of the year. Part of the industry confidence comes from HDB having halved the r...

Full article: https://www.iproperty.com.sg/news/growing-number-of-resal...

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