Posted on March 19, 2020
Dip In Resale Apartment Prices Indicate Market Stabilization
February 2017 was a little sluggish for the resale HDB flat market as prices come by 0.3% as well as deals by 8.5%. This was following a motivating start to the year. However market experts are not also quick to decline the opportunities for the sector as the year proceeds. The tiny dip last month was probably as a result of the article Chinese Brand-new year time-out which is a common occurence. In contrast to being a procedure of a dropping resale degree market, the decrease just directs at a supporting market enironment. Though resale level customers paid about $2,000 less than market price across the board, some HDB estates remained to clock more than 10 transactions as well as at expenses over market price.
In Bedok, some buyers paid $10,000 as well as more for their resale flats while in Clementi, some acquisitions shut at $4,000 over market value. That comes as no surprise as these are fully grown HDB estates where need is high. There were in addition some present personal property launches in the vicinity, as an instance the Clement Cover, which might have had some repeating impact on the resale HDB flat market. There were nevertheless a number of HDB neighborhoods which did not publish as promising numbers despite projecting areas for degree hunters. In Queenstown, the lowest below-market prices were clocked at $12,500, followed by $10,000 in Ang Mo Kio. Prices of 3-room exclusive condo increased by 0.2% while exec level prices dropped by 1.7% such as Parc Clematis Clementi condo. Typically, prices of resale apartments in mature estates boosted by 1.1%.