What should investors do when HDB resale price keep declining?

More
30 Apr 2019 15:19 #24743 by toapayohlady
This is the third consecutive quarterly decline in HDB resale prices, but the cumulative decrease over the past nine months is about 0.5%, lower than the 0.8% fall that was recorded just in 1Q2018, says Christine Sun, head of research and consultancy at OrangeTee & Tie. “This may indicate that HDB resale prices have largely stabilised and buying sentiment has remained resilient.”

As close to 30,000 HDB and Design, Build and Sell Scheme (DBSS) flats reach their Minimum Occupancy Period (MOP) this year, coupled with fewer Build-To-Order (BTO) flats coming onto the market, “we can expect demand to be invigorated in the next three quarters of 2019”, says Ismail Gafoor, CEO of PropNex Realty. “Furthermore, without the cash over value (COV), HDB resale flats will continue to serve as a desirable option as a matrimonial home for newly-wed couples.”

www.edgeprop.sg/property-news/hdb-resale...-consecutive-decline

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings0.940-0.025
Alliance Mineral0.190-
Anchor Resources0.011-0.001
AusGroup0.027-
Avi-Tech Electronics0.2800.015
Best World Int.1.360-
China Sunsine1.1400.020
CSE Global0.490-
Food Empire0.520-
Geo Energy0.148-0.003
Golden Energy0.210-0.005
GSS Energy0.081-
HMI0.540-
ISDN Holdings0.220-
KSH Holdings0.490-0.005
Miyoshi0.0520.001
Moya Asia0.078-
Nordic Group0.270-0.020
Oxley Holdings0.3100.005
REX International0.069-0.001
Riverstone0.950-0.015
Roxy-Pacific0.400-
Sing Holdings0.390-
SingMedical0.405-0.010
Sino Grandness0.0600.003
Straco Corp.0.770-0.005
Sunningdale Tech1.3000.010
Sunpower Group0.465-0.010
The Trendlines0.083-
Tiong Seng0.220-
Uni-Asia Group1.1500.050
XMH Holdings0.180-
Yangzijiang Shipbldg1.430-0.040

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1229 guests and one member online

  • josephyeo