Cooling measures 'may be eased in Q3 2015'
HSR sees resale HDB flat affordability falling to 2008 level by then
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Singapore
IF the prices of Housing & Development Board (HDB) resale flats continue to drop at their current rate, they could hit the affordability levels of 2008 sometime in the third quarter of next year, according to HSR Research. And that may be the time when some of the existing cooling measures are eased, the firm said.
The affordability levels of 2008 were just before significant increases took place in 2009, according to an HSR report released on Friday. And for affordability to reach the 2008 level, the report said, HDB resale prices would need to fall by a further 6 per cent, while condo resale prices must come down by 9 per cent.
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