More active resale HDB market in the making
Transaction volumes are set to increase but prices are unlikely to spike with MSR in place.
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WITH an estimated 82 per cent of Singapore's resident population living in more than a million Housing Development Board (HDB) flats, the performance of the HDB resale market naturally becomes a concern to the majority of the population.
Since peaking more than two years ago, prices of HDB resale flats have been decreasing steadily.
Based on the board's third quarter flash estimate, the HDB resale price index has eased by a total of 9.9 per cent over nine straight quarters - from a high of 149.4 in Q2 2013 to 134.6.
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