SINGAPORE - Prices of Housing Board resale flats climbed in the third quarter of 2022, for the 10th consecutive quarter, their surge this year having prompted aHDB resale prices rose at a slower pace of 2.4 per cent in the July to September quarter, compared with 2.8 per cent in the second quarter, flash estimates from HDB on Monday showed.
OrangeTee & Tie senior vice-president of research and analytics Christine Sun said a"stronger market reaction" is expected as the curbs mark one of the most significant rounds of cooling measures imposed on the public housing market in recent times. "There will likely be a temporary pullback in demand for large flats, which may result in a price correction in the coming months," she added.previously aimed at the private property market, was implemented.and are likely to continue rising, the authorities said these new measures will ensure home buyers borrow within their means and moderate demand in the property market.
One Global Group senior analyst Mohan Sandrasegeran said:"The momentum of million-dollar deals is likely to see signs of slowing down in the fourth quarter, and it would be a crucial factor that will eventually lead to slower velocity of price change."Huttons Asia senior director of research Lee Sze Teck said buyers of these million-dollar flats are increasingly turning their attention to five-room and large unit types for the spacious floor area.
It’s always like that Lah…initial reaction dip and than after awhile, prices will inch up again…always like that…
10% drop!
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.