HDB resale flat prices continue to cool in Q2

[SINGAPORE] Resale prices in the public housing market fell for a fourth straight quarter, down 1.3 per cent in Q2, according to HDB's flash estimates released yesterday. This follows a 1.6 per cent decline in the first quarter.

Property consultants invariably pinned the reason on recent cooling measures, particularly the reduction of the mortgage servicing ratio (MSR) cap to 30 per cent of borrowers' monthly income.

"This restrains buyers from taking excessive large loans and thus sh…