Private home and HDB resale flat prices decrease in Q1
The government’s flash estimates showed that prices of private homes and HDB resale flats declined in 1Q 2014. This is expected to continue for the rest of the year, mostly due to the cooling measures and increasingly competitive pricing by developers. Resale flat prices’ decrease of 1.5 percent was for the third consecutive quarter, which was believed to prevent HDB upgraders to move to private property. The index for private residential property also decreased 1.3 percent, compared with the 0.9 percent decrease in 4Q2013. Sale transactions went down from 4,260 in the last quarter to only 1,676 caveats lodged this quarter.
(Source: Business Times)
More marketing tools to attract potential buyers
As fewer projects could move more than half of their units in the month of their launch, developers and marketing agencies are adopting more marketing …