After a steady decline in resale prices of HDB flats, the resale volume is finally seen to pick up in April. This might signal the market is bottoming out. As more upgraders let go of old units, new launches of BTO (Built to order) flats subside, and seller's expectations become more realistic, prices are likely to stabilise by the second half of the year. Figures released by the Singapore Real Estate Exchange (SRX Property) showed 1610 HDB flats changing hands up 19.3 percent from March's 1349 units. This came as resale prices rose 0.2 percent month on month after dipping 0.8 percent in March. However, it remains to be prudent as this might just be a signal that most sellers are potentially looking at a potential dip in future prices amidst the greater supply in the coming years.
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