19 Oct '15, 10am

Despite the slow real estate market, there is a lot to be hopeful about for Punggol's future

Despite the slow real estate market, there is a lot to be hopeful about for Punggol's future

However, these two estates are less price resilient than the overall HDB resale market. Since the implementation of cooling measures, the HDB resale price index slowed down after Q3 2012 before it went negative in Q3 2013. Both Sengkang and Punggol saw their prices slow after the overall market did, and their rate of decline has trended below the overall market’s (see Figure 2) . While overall prices have slowed their freefall by the second quarter of this year, these two non-mature estates still saw sharper declines over the same period. While the HDB resale price index fell about 10 percent since its peak in Q2 2013, Punggol and Sengkang fell by about 15 percent and 13 percent from their respective peaks suggesting a greater degree of volatility. This might not necessarily weigh against these estates’ favour, since it suggests that savvy buyers who wish to be part of the...

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

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