The month of September marked the fall of HBD prices thus setting its resale and in effect, enticing buyers to take a look once more into the estate market. Although there was a recession in HBD prices, the relapse can only be felt by degrees and still proving to be stable compared to the drop in 2014 which showed a 6 per cent downturn.hdb-flats-2

The consultants reckon that for the year 2015, the decline will settle to an overall 2 -3 per cent. This could hit total transactions of 19,000 to 21,000 HBD units. SRX Property pointed out that the current transaction stand at 13,100 units more or less.

This circumstance can be linked to the supply and demand affecting the market as cited by Eugene Lim, ERA’s key executive office. He indicated the astounding more or less 25,000 balance flats and build-to-order placed at disposal by the HBD, and the 30 percent mortgage servicing cap for mortgage and housing loans.

Ong Kah Seng, the R’ST Research Director beyond doubt perceive that the prices are now becoming steady as evidenced by the almost zero per cent change in resale prices. Although there are monthly changes that range in +/-0.5 per cent, a positive long term effect for H2 2014 is still expected as Q2 and Q3 already confirmed this year that the buying interest in the market has already reached a more stable status.