January's marginal rise in HDB resale prices a blip, say property consultants
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Singapore
PRICES of HDB resale flats registered a marginal 0.6 per cent month-on-month rise in January, going by flash estimates from the Singapore Real Estate Exchange (SRX), but property consultants noted that this does not signal a turnaround of the market.
"The increase has more to do with the up and down fluctuations that are associated with tracking prices on a monthly basis," said ERA Realty key executive officer Eugene Lim. "We expect prices to be muted, at least for the first half this year."
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