SINGAPORE: Resale prices for Housing and Development Board flats may continue to rise moderately for the rest of 2023, analysts said, pointing to factors such as increased supply and concerns over affordability.
Huttons Asia's Senior Director for Data Analytics Lee Sze Teck further noted that with more Build-to-Order flats and private homes being completed in the coming months, HDB owners moving into their new homes would need to sell their existing flats - thus increasing the supply of resale flats.Ms Sun's full-year growth forecast was in a similar range of 4 to 5.5 per cent.
Plus flats' 10-year minimum occupation rule aims to balance owner occupation and flexibility to move: MND Prime Minister Lee Hsien Loong had announced that HDB estates would no longer be classified as mature or non-mature, with new BTO flats to be classified under ERA chief executive officer Marcus Chu noted that 126 million-dollar HDB flats changed hands in the third quarter, a new high compared with the 105 transactions in Q2 2023.
Source: Entertainment Trends (entertainmenttrends.net)