23 Aug '14, 1am

HDB and private home resale prices fall in Q2

Prices have continued to fall in the private home and HDB resale markets in the second quarter of this year. But more units were sold in both markets, according to the Housing Development Board (HDB) and the Urban Redevelopment Authority (URA). This is the fourth consecutive quarter that HDB resale prices have fallen. Despite that, more transactions were made with about 4,389 resale flats sold. This is a 16 per cent increase compared to the previous quarter when 3,781 resale flats were transacted. Analysts say the increased activity is due to a lack of major festivities in the second quarter, and individuals getting familiar with the new resale procedure introduced in March. The HDB adjusted its resale procedure in March to encourage buyers and sellers to focus on recent transaction prices instead of Cash-Over-Valuation (COV) figures. HDB now only accepts valuation request...

Full article: http://www.lushhomemedia.com/manage_posts/2014/07/29/hdb-...

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