A 1% drop for the first quarter flash estimates by HDB on resale flat prices continues the slide downwards. What does this mean for the man in the street?
If the 1% decline is maintained for four quarters, that would conservatively shave 4% off prices by end 2015. Not a small sum I would say.
BTO pricings are in some ways affected and influenced by resale prices in the vicinity. Sure, a broad discount is applied on new offerings. But should the resale prices be on the down trend, could we possibly see cheaper BTOs being offered?
I am not sure. But it will help out on the pockets a bit for the new home owner. It's also any body's guess as to how sellers of resale flats would take this news.
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