02 Mar '17, 3pm

Here's what you missed - News roundup for February 2017

Here's what you missed - News roundup for February 2017

Our top Singapore property stories. Higher demand expected for HDB resale flats: experts HDB resale flats have become more appealing for first-time buyers in light of the higher CPF housing grants announced as part of Budget 2017, 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 Research and Consultancy, Ong Teck...

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

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