SINGAPORE - Prices of Housing Board resale flats climbed slightly for the 30th straight month in December, with analysts expecting prices to moderate further in 2023 on the back of cooling measures. Read more at straitstimes.com.
SINGAPORE - Prices of Housing Board resale flats climbed slightly for the 30th straight month in December, with analysts expecting prices to moderate further in 2023 on the back of cooling measures.
“Excluding flats which are newer or have unique attributes, a majority of flats are sold close to the last transacted prices, reflecting a slight shift in bargaining power to buyers,” he said, adding that the price growth in December was the slowest since August 2019.The latest property curbs “Moving forward, we expect price growth to remain moderate this year in view of the economic uncertainties, cooling measures and rising interest rates,” she said.
“The gradual recovery in the transaction volume in November and December was despite the traditionally slower property market during the year-end school holiday and festive season,” he added.In 2022, total resale volumes were 8.1 per cent lower than 2021. A record 370 million-dollar flats were transacted in 2022, up 42.9 per cent from 259 such deals in 2021, said One Global Group senior analyst Mohan Sandrasegeran.
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