RESIDENTIAL

HDB resale prices will take three to five years to stabilize: Minister Khaw

Minister Khaw mentioned that HDB resale prices will take around three to five years—the time needed for flats to be completed—to stabilize. He believes that by introducing and building more BTO flats, the disparity between supply and demand for flats will be improved. He advised young couples, who already have a place to stay, to apply for BTO flats instead of buying flats from the resale markets; as for current HDB residents who want to ‘upgrade’ their flats, he advised them to steer clear of the resale market in order to prevent overcrowding.

Detached house with land size of 11,357 sq ft up for sale with asking price of $10.5 million to $12 million; 999-year-leasehold en bloc site put up for tender with asking price of $20 million to $22 million

Credo Real Estate has ...