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HDB resale prices stabilising, with 0.1% dip in Q4

Prices of larger HDB flats may still come under pressure in 2017, as prices of private property continue to decline

Published Tue, Jan 3, 2017 · 09:50 PM

Singapore

THE stabilising trend for HDB resale prices continued in the fourth quarter of 2016.

Prices dipped 0.1 per cent from the third quarter, putting the full-year decline at 0.1 per cent, based on flash estimates from the Housing & Development Board on Tuesday.

Ismail Gafoor, CEO of PropNex Realty said the "potent combination" of cooling measures has been effective in arresting the price growth of HDB resale flats.

"The HDB resale market had its biggest correction in 2014 at minus-6 per cent, and (this) tapered to a smaller correction of minus-1.6 per cent in 2015. HDB pr…

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