Property-report.com, 25 Jul 2011HDB resale flat prices rose 3.1 per cent between April and June and the overall number of transactions in the second quarter rose about 6 per cent to around 6,000, according to HDB figures. The flat prices increase is almost double the 1.6 per cent increase witnessed in the previous quarter.
Mohamed Ismail, CEO of Propnex said, “there are still many owners who, due to the effects of the cooling measures, are reluctant to move or sell their flat, resulting in a supply crunch and driving median resale prices as well as cash-over-valuation (COV) levels up.” Full story
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HDB flat resale prices up 3.1% in Singapore - Malaysia Star
