Sunday, January 29, 2012

Resale flat deals lowest in a decade

Straits Times: Sat, Jan 28
FEWER people sold their flats last year than at any time over the past decade, Housing Board figures revealed yesterday.

Tighter ownership rules and an uncertain economic outlook could be limiting the number of owners willing to put their homes on the market, analysts say.

Meanwhile, the bumper supply of new flats launched by HDB may be reducing the demand for resale units. Around 24,600 changed hands last year, 24 per cent fewer than in 2010.

The HDB told The Straits Times it was the lowest figure for the past decade. About 30,000 are sold in an average year...

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