SINGAPORE, 17 March 2017 - PropertyGuru Group, Asia's leading online property group, forecasts steadiness in the HDB resale market, according to its ebook for H1 2017. Highlights include:
- Ongoing stability in the HDB resale market.
- Around 17,000 new flats will be launched this year, putting downward pressure on resale prices.
- HDB resale volumes are predicted to reach 23,000 units in 2017.
- Rental prices for four-room flats are down more significantly compared to five-roomers.
- HDB rental volume is expected to remain steady at above 10,000 flats. What about rental prices?