HDB resale prices up for the first time this year
Consultants say October rise not a turnaround sign and expect prices to stay soft due to loan curbs
Singapore
HOUSING Development Board (HDB) resale prices rose a slight 0.1 per cent in October compared to September - the first increase so far this year. This was according to flash figures released by SRX on Thursday.
But consultants warned that the increase in resale prices is not likely to be a sign that the market has rebounded. They expect the market to soften further, with loan curbs such as the mortgage servicing ratio still affecting most HDB flat buyers.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Abu Dhabi builder plans US$6.8 billion luxury housing project
JTC to sell hospitality project being built in Punggol Digital District
Mapletree Logistics Trust posts 2.5% drop in Q4 DPU; manager warns of further headwinds
Abu Dhabi developer Aldar posts 88% in Q1 leap
Without a game changer, Sentosa Cove condos will continue underperforming
Church to tackle US housing crisis