For the previous 4 quarters, resale HDB apartment prices are on the decrease. Last year, the resale price indicator eventually risen to 130.9, by the prior 130.8. With the extra assistance from the authorities who has implemented new policies each month, general sentiments about the people housing market may be improving.
Among the most crucial changes is possibly the increase in earnings ceilings for qualified buyers. Market sentiments are favorable for now, regardless of the uncertainty in both international and domestic political and financial development.
Requirement for resale HDB apartments anticipated to rise
Even though a sharp spike in demand for resale apartments isn’t anticipated, analysts are anticipating continued requirement for resale apartments as the authorities launch new flats. 3,000 more will likely be published in Sembawang following February. With more candidates entitled to brand new components, will the resale HDB flat economy see less action or will the favorable sentiments continue to take over to the industry segment?
Additionally, more apartments are reaching the conclusion of the 5-year minimum occupation period (MOP) shortly and more components will enter the current market, potentially pressure on prices. You will find expectations of positive increase in the resale HDB section. Though prices are predicted to stay flat this season, come 2020, trade volume might increase and accordingly, also prices.