28 Jul '17, 3am

HDB resale flat prices down 0.1% in Q2

View of HDB flats in Toa Payoh. UPDATED: Prices of resale flats fell 0.1 percent in the second quarter of 2017 from the previous three-month period, according to the latest HDB Resale Price Index. Resale flat transactions rose 32.5 percent to 6,001 cases in Q2, from 4,530 cases in Q1. Meanwhile, the number of subletting applications approved rose 9.5 percent quarter-on-quarter to 10,929 cases in Q2. As at 30 June, there were 53,540 HDB flats being sublet, up 0.3 percent from Q1. SEE ALSO: Get the Guru View: HDB resale – A buyer’s market Eugene Lim, Key Executive Officer at ERA Realty Network, expects resale flat prices to remain stable due to most units being transacted around valuation. “Prices will probably decrease by less than one percent in 2017,” he said. Despite the introduction of the re-offer of balance flats scheme and the shorter waiting time for new flats, he e...

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

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