Residential
December 2014 HDB resale prices lowest in the past 41 months
The HDB resale prices in December 2014 are the lowest in 41 months. HDB resale prices had fallen 0.4 percent in December from the previous month while resale volume also fell by 4.1 percent to 1,295 units. Market experts believe that stricter mortgage servicing ratio limits had affected demand for resale HDB flats. According to the Business Times, four-room and five-room flats had led the fall in HDB resale prices, falling by 0.7 percent and 0.3 percent respectively. Ong Kah Seng from R’ST Research believes that supply for HDB resale flats increased as more owners had wanted to upgrade to private homes or executive condos. Nicholas Mak from SLP International added that an increase in build-to-order flats had also affected demand for HDB resale flats. Nonetheless, HDB resale volumes in December increased by 28 ......