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Singapore Residential - Property Market Outlook - Green Shoots Emerging (Part 3 of 4)

In Part 3 of our 4 part series we address the outlook for the Hdb Resale market: 

  • HDB resale flat prices fell 0.1 percent in the final quarter of 2016. For the full year, the resale price index also registered a mere 0.1 percent decline.
  • The COV method of pricing HDB resale flats was largely blamed for rising prices following the Global Financial Crisis. Since its abolishment in early 2014, prices have stabilised.
  • Approximately 17,000 BTO flats will be launched by HDB in 2017. The new supply is expected to be sufficient to meet the housing needs of Singaporeans, and will also exert downward pressure on resale flat prices.
  • Most analysts are forecasting HDB resale volumes to reach up to 23,000 units for 2017.

This insight is part of Smartkarma. For more follow this link.



This post first appeared on Smartkarma | Intelligent Investing, please read the originial post: here

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Singapore Residential - Property Market Outlook - Green Shoots Emerging (Part 3 of 4)

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