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HDB Resale Prices Edge Up 0.1% In December

1/4/2018 12:47:58 PM
written By : Team India Se Print

Housing and Development Board (HDB) flats’ resale prices edged up 0.1 per cent in December after a 0.1 per cent dip in November, according to flash estimates from SRX Property.

However, fewer flats changed hands in the last month of the year.  In all, 1,585 resale units were sold in December, 19.9 per cent fewer than in November.

With its latest monthly figures, SRX's full-year HDB resale price index is down 1.8 per cent. HDB’s official flash estimates released on January 2 showed resale prices dropped by 1.5 per cent in 2017.

In contrast, private residential property prices edged up 1 per cent in 2017 after a 3.1 per cent decline in 2016, according to the Urban Redevelopment Authority (URA).

According to the SRX index, HDB resale prices have declined by 12.5 per cent since their peak in April 2013.

Median resale prices for four-room HDB flats, according to SRX Property, range from $328,000 in Yishun to $728,000 in Bukit Merah -- and for five-room flats from $385,000 in Sembawang to $888,000 in Bukit Timah.

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