25 Apr '14, 1pm

HDB resale prices fall 1.6% in Q1, Singapore Property News, Singapore Property Guides & Articles...

HDB resale prices fall 1.6% in Q1, Singapore Property News, Singapore Property Guides & Articles...

Resale prices of public flats here slipped further in the first quarter by 1.6 per cent from a quarter ago, after falling 1.5 per cent in the fourth quarter of last year, the Housing Development Board (HDB) said today - PHOTO: SPH RESALE prices of public flats here slipped further in the first quarter by 1.6 per cent from a quarter ago, after falling 1.5 per cent in the fourth quarter of last year, the Housing Development Board (HDB) said today. For the first time since 2007, HDB has ceased publication of the quarterly median cash-over-valuation by town and flat type. This is in line with the recent revision in resale procedures in March to shift the focus from COV to market prices in negotiations between buyers and sellers. The HDB data released today also shows resale transactions fell by 5 per cent from the fourth quarter to 3,781 in the first quarter. More supply of HD...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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