'The demand for HDB resale flats remains strong.' — PropertyGuru
SINGAPORE — To answer whether private residential property prices will continue to rise, PropertyGuru, the leading property website, wrote,
But the site warned that prices of private properties in the resale segment are not likely to decrease any time soon because of the “limited supply and owners being unlikely to lower their prices in the short term, barring the risk of an economic correction.” However, launches for this year are expected to do well, “but their performance is largely linked to the limited options in the immediate term,” PropertyGuru added.
“About 16,000 flats are expected to fulfill their Minimum Occupation Period in 2023. They are located in areas such as. As a result, these HDB estates are likely to see greater resale flat price growth in the coming year as increased borrowing costs and rising HDB resale prices continue to eat into the budgets of prospective buyers, especially first-time homeowners.”In comparison, there was a 3.8 per cent quarter-on-quarter increase in the third quarter of last year.
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.
Asia thermal coal prices slip as China, India buy less: ColumnLAUNCESTON, Australia: Asia's seaborne thermal coal markets are losing heat, with both prices and volumes declining as winter demand passes and Europe's energy crisis eases. Prices of the main traded grades for coal used in power plants dropped to their lowest in months last week, and to the weakest in a y
Read more »
Britain’s grocers, suppliers feuding over food pricesBoth parties are seeking to protect their margins from growing costs. Read more at straitstimes.com.
Read more »
Ford to cut prices of Mustang Mach-E, following Tesla's lead:Ford Motor Co on Monday cut prices of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle, weeks after rival Tesla Inc slashed prices globally on its electric vehicles by as much as 20 per cent.Shares of Ford closed down 2.9 per cent in above average trading to $12.89. Tesla fell 6.3 p
Read more »
Eye-watering onion prices make Philippine staple a luxuryWhy have onion prices soared in the Philippines? At its peak, it was more expensive than chicken or pork.
Read more »
Want to read books and make friends? Head for libraries set up by residents in HDB void decksOne such facility in Holland Village has garnered attention online for its vast collection of books and homely furniture. Read more at straitstimes.com.
Read more »
The 2% target: Central banks' inflation touchstone faces post-pandemic reckoningWASHINGTON/FRANKFURT/LONDON : Top central bankers, who credit the use of a 2 per cent inflation target with anchoring decades of stable prices, are facing the first full-on test of how well that approach to monetary policy works once prices have erupted, and how strictly they'll enforce it if damage to their eco
Read more »