The HDB market moving forward will be seeing more stable prices which means that it will be trading around at most 0.5-1% growth.
And probably even may see a slight drop if the buyers demand suffer from external factors like unfortunate economic news
The volume represents that the high demand is still supported partly from new citizens and 3 year old PRs.
This group of buyers suffer from sudden high rents increase from landlords and will think that it will be more logical to start owning their hdb flats instead of renting.
At the same time, record breaking prices for HDBs will become less occurring. Only rare HDBs in the market like maisonette or those that come with loft, or with exceptionally great view will still be able to command a premium.
On the ground, I’m seeing that more options available for buyers which means the average time on the listing market will be longer and testing the holding strength of sellers.
For genuine sellers that have to sell no matter what, for example collecting keys to their BTOs/ECs, they will have to lower down their expectations towards the deadline of sale.
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