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
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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.
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