28 May '13, 8am

Resale flat supply to rise, but prices still high #PR

May 28, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share By Romesh Navaratnarajah : The supply of resale HDB flats is expected to increase in the next three years as more owners are willing to sell once they get the keys to their new Build-to-Order (BTO) flats. This will benefit first-time buyers who prefer resale flats to new homes, but analysts predict that prices will still be high, reported My Paper . National Development Minister Khaw Boon Wan recently stated in Parliament that 5,600 HDB flat owners will be required to sell their existing flats once they get their new BTO units next year. In 2015 and 2016, another 5,600 and 3,300 owners will have to sell their existing flats. Christine Li, Head of Research and Consultancy at OrangeTee, believes that the larger supply will create a balance in the resale market. Cash premiums included in a HDB flat’s...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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