HDB’s flash estimates for 4Q2011 show that the price index for resale flats had edged up just 1.7% compared with 3.8% in the previous quarter. More first-timers have crossed over to BTO (build-to-order) flats with the higher success rates, notes Eugene Lim, key executive officer of ERA. This has reduced the number of buyers in the resale market. Buyers are also more cautious and expecting prices to soften further in the coming quarters.
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