2016 has been indeed a very tough year for the public housing and private residential market, but more so for the latter than the former. At least, it has been long confirmed that HDB resale flat prices have stabilised from as early as the later part of 2015, with a fairly flattish price change for the whole of 2016. Buyers seem to be more acceptable to the asking prices of sellers, as sellers are now more pragmatic about how much they are offering their properties for. Prices of resale flats in mature estates are expected to continue to be more resilient in 2017 (notwithstanding periodic price dips and price fluctuations) because of the relative supply of new properties. The continued price stability does not however mean that times will notably improve, or it will be easier for sellers to offload their flats in 2017.... Continue Reading