“In any case, volumes are relied upon to increment, as speculators with profound stashes swoop into get bargains at appealing costs,” he says.
Mr Tay Kah Poh, official chief and head of private administrations at Knight Frank, says costs of private properties could enlist value developments of – 3 for each penny to +1 for every penny year-on-year in Q4 2017.
“All things considered, with repressed request perhaps to be discharged from forthcoming purchasers with greater spending plans, there could be pockets of chances for top of the line and city periphery homes with lower value decays or minimal value recuperation towards the later 50% of 2017,” he says.
On the HDB front, Mr Wong trusts the market has essentially balanced out, in view of the steady development of HDB resale costs in the previous four quarters (Q4 2015-Q3 2016) and the expansion in resale volume.
“The market is probably going to take after a comparative pattern this year, with slight changes in resale costs,” he says.
“Inert request in the resale et stays solid, and request is relied upon to become more grounded on the back of balanced out costs. Be that as it may, we are probably not going to see a solid recuperation in costs at any point in the near future, as credit controls and the three-year PR administering stays set up, putting a top on request,” he includes.