Experts see quiet 2014 for HDB resale flats
But lower prices, cash premiums expected to entice buyers in second half
Next year is set to be a quiet one for the Housing Board resale market - similar to 2013, which has seen the fewest deals in years, said analysts. But they added that while activity will be slow in the first half, it is expected to pick up in the second half as lower prices and cash premiums entice buyers into the market.
"As prices and COV (cash-over-valuation) continue to moderate, more buyers may buy resale instead of new flats due to the waiting time for new flats," said ERA Realty key executive officer Eugene Lim.
In the first nine months of this year, there were 14,099 resale transactions.
This month, there were only 557 transactions up till Dec 16, according to HDB data collated by Singapore Property Watch.