21 Feb '17, 11pm

HDB resale flats more appealing for first-time buyers after yesterday’s budget announcement -

Despite expectations of higher demand in the HDB resale market, prices are not likely to shoot up, say analysts. HDB resale flats have become more appealing for first-time buyers in light of the higher CPF housing grants announced as part of yesterday’s budget, said Eugene Lim, Key Executive Officer at ERA Realty Network. “Buyers who are sitting on the fence may very well tilt towards a resale flat with this announcement, as resale transaction time is a fraction of the three-year waiting period for a Build-To-Order (BTO) flat,” he noted. However, he doesn’t expect HDB resale prices to rise anytime soon, as many HDB flats are largely similar in design and space, among other attributes. If some sellers were to increase their prices rashly, prospective buyers could easily turn to those offering similar flats at lower prices, he said. Meanwhile, JLL’s National Director for Res...

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

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Enhanced grants expected to lift resale HDB market

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