25 Oct '14, 12pm

HDB Resale Prices Taken a Worse Hit This Time Round | SPW Insights - STProperty

The HDB resale market, being an open market for buying and selling public housing flats, has always been perceived to be a resilient and stable one with minimal downside risks compared to the private residential counterpart. According to figures published by the Housing Development Board (HDB) and the Urban Redevelopment Authority (URA), even during the height of the Global Financial Crisis, the public housing resale price index only lost 0.8 per cent in a single quarter before the upward momentum was restored, as compared to a 24.9 per cent drop in private residential prices over four consecutive quarters. Similarly, during the Asian Financial Crisis back in the 1990s, private residential prices plummeted by 44.9 per cent, while HDB resale prices only dropped by a much slighter 28.0 per cent. However, following the introduction of various rounds of cooling measures, the t...

Full article: http://www.stproperty.sg/articles-property/spw-insights/h...

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Comment E-mail to friend Bookmark & Share Prices of HDB resale flats fell by 1.7 percent in Q3 2014 after declining by 1.4...

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Comment E-mail to friend Bookmark & Share Prices of HDB resale flats fell by 1.7 percent in Q3 2014 after declining by 1.4...

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