The Sunday Times made a news reporting that HDB flats and Executive Flats are harder to sell or they take longer to sell. I note that distinction:
- 5 Room and Executive flat owners are the worse hit in the resale market
- 2nd qtr Seng Kang 5 room flat is down to $495k versus $523k a year ago
- Loan curbs and TDSR are turning away more buyers but sellers are reluctant to lower prices
- PropNex figures show flats take 1-2 mths to sell in 2009, 2-3 mths last year, 3-5 mths now
- AMK Executive Flat seller says there are interested viewers but they just cannot get the loans
- 5 rm flats is 25% of HDB flats, Executive flats is 7.5%
- There are more supply from BTO coming online
- 43 year old Janice Tan put her 5 room flat for sale in March and only closed it in July. This flat ...
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