25 Apr '16, 4pm

New: Singapore Property News This Week #257

HDB resale prices in Q1 remain flat Quarter-on-quarter, HDB resale prices have fallen by 0.1% in Q1 this year. Resale transactions fell 10.9% from 4,992 units in Q4 last year to 4,449 units in Q1 2016. Market experts believe that this was due to the festive season in February, which is also a shorter month. Year-on-year, the transaction volume increased by 7.6%. PropNex’s Ismail Gafoor believes that resale transactions are likely to increase gradually due to falling prices. Eugene Lim from ERA Realty added that the market is likely to be stabilising as minute price movements have been recorded in the resale market in the last 4 quarters. Lim believes that resale flats in mature estates will continue to draw buyers as BTO flats in these areas are rare. He predicts that there will be a drop of less than 1% for HDB resale prices in 2016 while resale volumes will likely be aro...

Full article: https://www.propwise.sg/singapore-property-news-this-week...

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