27 Dec '12, 1pm

Analysts see sustained demand for HDB resale flats next year

http://forums.condosingapore.com/new...newthread&f=92 Published December 27, 2012 Analysts see sustained demand for HDB resale flats next year They say prices may rise by between 3% and 8% and COVs may go up by 5-10% By ong chor hao [SINGAPORE] Hot, robust and pulsating. Three words market watchers have used to describe the resale flat market this year, and it looks like they will be saying the same next year. Resale prices for Housing & Development Board (HDB) homes could go up by between 3 and 8 per cent in 2013, and cash-over-valuations, or COVs, could rise 5 to 10 per cent, analysts told The Business Times. They foresee sustained demand in the face of constrained supply and easy monetary conditions. Nicholas Mak, executive director of research and consultancy at SLP International, likened the resale market to a big ship that requires a shock or simply more time to turn...

Full article: http://forums.condosingapore.com/showthread.php?p=348315#...

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