The increased in volume of Dec can be interpreted as the buyers slowly returning back into the resale market after the 30 Sep cooling measures.
The prices have not moved downwards in general, but only inched up 0.2%, which also means that sellers that are aiming to break the previous record high will be facing resistance.
The Hdb has also announced its strong commitment to make sure applicants of BTO will be able to get their units with shorter waiting time, as compared to up to 7 years for some previous projects.
Which means that buyers who are ok to wait will be taken out from the resale market.
The upcoming Feb Bto features very strong located hdbs in Queenstown, Kallang/Whampoa which will definitely see high application rates.
Moving into 2023, buyers who are still sitting on the fence about hdb prices dropping should note that, personally I think the prices will only slowly stabilized but not drop significantly.
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