HDB resale prices slip 0.3% in Q3, smallest quarterly price drop in 9 quarters

HDB flats in Hougang.
HDB flats in Hougang.ST PHOTO: KUA CHEE SIONG

SINGAPORE - HDB prices slipped again in the third quarter, but the decline was more muted this time around.

HDB resale prices fell 0.3 per cent for the quarter, according to HDB data released on Friday (Oct 23). It was similar to HDB's flash estimates released earlier this month.

While this was the ninth straight quarter of decline, it is the smallest quarterly price drop over the period and follows a 0.4 per cent drop in the second quarter.


GRAPHIC: HDB

Prices are stabilising mainly due to the availability of transaction information, which means buyers are making offers based on recently transacted prices, say analysts.

HDB resale prices are down about 9.8 per cent from their last peak in the second quarter of 2013.

Resale transactions fell by 7.4 per cent from the second quarter to 4,893 cases in the third quarter.


GRAPHIC: HDB

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