01 Apr '16, 2pm

Asia #Business ~ HDB resale prices to remain flat in 2016 - PropertyGuru #Singapore

Public housing prices fell slightly in Q1 2016 after rising in the previous quarter. Resale prices of HDB flats dipped by 0.1 percent quarter-on-quarter in Q1 2016, according to flash estimates from the Housing Board on Friday (1 April). Although this is a reversal of the 0.1 percent gain in the previous quarter, this is a slower rate of decline than the respective 1.0 percent, 0.4 percent and 0.3 percent dips in the first three quarters of 2015. The data is preliminary and the final statistics will be made available on 22 April, said the HDB. Mohamed Ismail, CEO of PropNex Realty, expects HDB resale prices to remain flat in 2016. “The government will maintain measures to stabilise the public housing market, such as the Mortgage Servicing Ratio (MSR) cap of 30 percent and the maximum loan term of 25 years for HDB mortgage loans, (the) three-year wait for new PRs before the...

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

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