Stabilising home prices
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BUYERS of Housing and Development Board (HDB) resale flats can probably heave a sigh of relief that resale prices are no longer rising at a frenzied pace.
HDB resale flat prices rose in May at 0.3 per cent, compared with 1.1 per cent in April, according to flash estimates from SRX and 99.co.
May’s figures mark the third month of marginal price increase, which analysts attribute to sellers becoming more realistic and buyers being more rational as they feel less pressured amid the increased flat supply.
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