What should investors do when HDB resale price keep declining?

More
30 Apr 2019 15:19 #24743 by toapayohlady
This is the third consecutive quarterly decline in HDB resale prices, but the cumulative decrease over the past nine months is about 0.5%, lower than the 0.8% fall that was recorded just in 1Q2018, says Christine Sun, head of research and consultancy at OrangeTee & Tie. “This may indicate that HDB resale prices have largely stabilised and buying sentiment has remained resilient.”

As close to 30,000 HDB and Design, Build and Sell Scheme (DBSS) flats reach their Minimum Occupancy Period (MOP) this year, coupled with fewer Build-To-Order (BTO) flats coming onto the market, “we can expect demand to be invigorated in the next three quarters of 2019”, says Ismail Gafoor, CEO of PropNex Realty. “Furthermore, without the cash over value (COV), HDB resale flats will continue to serve as a desirable option as a matrimonial home for newly-wed couples.”

www.edgeprop.sg/property-news/hdb-resale...-consecutive-decline

Please Log in or Create an account to join the conversation.

More
06 Jun 2019 01:37 #24804 by bluesky3000
HDB resale were never meant to make money in the first place

Please Log in or Create an account to join the conversation.

More
06 Jun 2019 10:38 #24807 by walterlim
with so much BTO supply, HDB resale prices will not go up. Perhaps selectively in areas like Queenstown and Tanjong Pagar but mostly they will remain flat or only appreciate according to inflation rates.

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings1.130-
Alliance Mineral0.123-0.002
Anchor Resources0.013-0.001
AusGroup0.026-0.001
Avi-Tech Electronics0.285-
Best World Int.1.360-
China Sunsine1.120-0.020
CSE Global0.480-
Food Empire0.5000.005
Geo Energy0.155-0.002
Golden Energy0.200-0.005
GSS Energy0.084-
HMI0.715-
ISDN Holdings0.235-
KSH Holdings0.4250.005
Miyoshi0.043-
Moya Asia0.075-0.001
Nordic Group0.280-0.010
Oxley Holdings0.330-
REX International0.0690.001
Riverstone0.9200.005
Roxy-Pacific0.4000.010
Sing Holdings0.405-
SingMedical0.380-
Sino Grandness0.050-
Straco Corp.0.7600.005
Sunningdale Tech1.400-
Sunpower Group0.5150.035
The Trendlines0.078-
Tiong Seng0.220-0.010
Uni-Asia Group0.750-0.005
XMH Holdings0.1540.001
Yangzijiang Shipbldg1.520-

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1181 guests and no members online