25 Jan '16, 3pm

New: Singapore Property News This Week #244

Q4 2015 HDB resale prices up by 0.1% For the first time in 10 quarters, resale prices of HDB have risen by 0.1% quarter on quarter in Q4 2015. Ismail Gafoor from PropNex believes that resale prices have already hit its lowest in Q3 last year. Nonetheless, he predicts that resale prices will continue to be flat in 2016. More buyers are expected to enter the market as cooling measures remain in place. Also, as HDB resale prices fall, homeowners may be less willing to upgrade to private properties, said Ismail Gafoor. Eugene Lim from ERA Realty believes that the market could have found its support level as there is increased price stability. However, Lim warns that with higher interest rates and a slowdown in the economy, it may be too early to say that the market has recovered. (Source: Business Times) GCB at King Albert Park sold for $25 million A good class bungalow (GCB) ...

Full article: https://www.propwise.sg/singapore-property-news-this-week...

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