08 May '18, 2am

April’s resale HDB flat prices down after quarter of gain https://t.co/2RIsgwaJge

From February this year, resale HDB flat prices have been gaining traction. But last month, prices did an about-turn and fell 0.8%. Boon Tiong Road , Tiong Bahru. Picture: iProperty Resale HDB flat prices 2.4% lower than April 2017 In a year-on-year comparison, resale HDB flat prices were 2.4% lower last month than the same month a year ago. From the peak of April 2013, prices have fallen 13.5%. The decline could be due to a recovering private property market with more HDB upgraders looking to enter the market before the prices climb any further. Prices of resale flats in mature HDB estates fell the steepest with a 1.5% decline. In non-mature estates, prices fell 0.2% in comparison. The realization that older flats may not be a definite inclusion in the Selective En-bloc Redevelopment Scheme (SERs) and prices of these units are depreciating as they age, may have pushed pri...

Full article: https://www.iproperty.com.sg/news/aprils-resale-hdb-flat-...

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