Singapore, 16 Dec 2021 The newly implemented cooling measures might see the prices of both resale HDB flats and private residential properties stagnating or even dropping as the market takes time to adjust.
Real estate agency OrangeTee & Tie senior vice-president of research and analytics Christine Sun added that the measures will likely put a lid on the quantum of price increases in the HDB resale market moving forward. The agency has revised its price appreciation projections for HDB resale flats to 5 to 8 per cent next year, down from 8 to 11 per cent currently.