28 May '14, 12pm

The Business Times: Household wealth takes knock as HDB values fall. Read more here

On the whole, Singapore's household holdings of residential assets grew the slowest in eight years with a 1.8 per cent rise in 2013, compared with a 7 per cent growth in 2012 and 10 per cent increase in 2011 - PHOTO: SPH [SINGAPORE] Several rounds of cooling measures and a major ramp-up of housing supply are making their impact felt on household balance sheets - with the value of HDB flats held by households falling 0.7 per cent to $412.8 billion last year - the first year-on-year decline since 2005. The data, compiled from the Monetary Authority of Singapore's (MAS) website, suggests that the value of households' holdings of HDB flats could be reaching an inflexion point, after rising 6.8 per cent in 2012, 11.5 per cent in in 2011 and 14.5 per cent in 2010. The dip in the value of households' housing assets should not worry the majority of households that have paid off th...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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On the whole, Singapore's household holdings of residential assets grew the slowest in eight years with a 1.8 per cent ris...

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