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HDB resale flat prices seen falling further

Analysts expect 1-8% drop for this year despite pick-up in activity

Published Thu, Jan 2, 2014 · 10:00 PM
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[SINGAPORE] Resale prices for Housing and Development Board (HDB) flats continued their decline in the last quarter of 2013, a trend which property consultants say is unlikely to reverse even by the end of this year.

They attribute this to a convergence of measures imposed to cool the market and a continued supply of new flats.

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