First annual fall in HDB resale prices since 2005
Published on Jan 24, 2014 10:59 AM
Resale prices of Housing Board flats in 2013 fell for the first time in eight years, according to HDB data for the fourth quarter of last year released on Friday.
The resale price index fell by 0.6 per cent to 201.7 in the fourth quarter from a year earlier. This was also a 1.5 per cent fall from the third quarter.
Resale transactions decreased by 12 per cent from 4,529 cases in the third quarter to 4,001 cases in the fourth quarter.
The number of resale transactions last year was 18,100, a decrease of 28 per cent from 2012.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!