10 Aug '17, 1am

HDB resale prices continue to dip

HDB resale prices continue to dip

PRICES of Housing & Development Board (HDB) resale flats fell 0.6 per cent in July from the preceding month, based on SRX Property's flash estimate for last month released on Thursday. This follows a month-on-month decline of 0.2 per cent in June 2017. SRX Property's overall resale price index for HDB flats is down 1.6 per cent year on year, and is also 12.2 per cent below its peak in April 2013. Year on year, its price index for public housing resale flats in mature estates slipped 0.5 per cent - a smaller decline than the 2.4 per cent drop in non-mature estates over the same period. Data compiled by SRX Property shows that an estimated 1,785 HDB flats were resold in July, up 1.8 per cent from the 1,753 in June. The figure is also up year on year - 12.2 per cent higher from 1,591. That said, last month's resale volume was 51.1 per cent below the peak of 3,649 in May 2010....

Full article: https://www.srx.com.sg/singapore-property-news/39532/hdb-...

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