30 Jan '16, 3am

Thinking of entering the HDB resale market after Chinese New Year? Read our outlook first!

Thinking of entering the HDB resale market after Chinese New Year? Read our outlook first!

For HDB resale transactions, our house view is that transactions will gain further momentum, even as prices continue to fall. With a bumper crop of 28,000 new Build-to-Order (BTO) flat owners receiving their keys this year, we will likely see an increase in resale flats hitting the market, as upgraders will need to move their existing units within six months. We think that sales volume is likely going to be between 4,200 and 5,400 per quarter, with 2016 closing with under 20,000 units exchanging hands. Given seasonal fluctuations, resale prices are likely to vary about 1.5 percent up or down each quarter. We think that the year is likely to end with overall prices falling between 0.3 and 0.8 percent.

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

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