Demand for HDB resale flats expected to remain strong this year
Resale applications rise 7.8 per cent to 20,813 cases in 2016 while price index remains flat
Singapore
THE number of resale transactions for public housing flats rose 7.8 per cent to 20,813 cases last year from 19,306 cases in 2015. The latest figure is also the highest in four years.
One factor that boosted the resale volume of Housing & Development Board (HDB) flats last year is that more homebuyers sensed that prices in this segment had stabilised and may not fall significantly if they continued to wait, suggested SLP International executive director Nicholas Mak.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender
US mortgage rates up for fifth week at 7.22%