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HDB resale prices fall 1.4% in Q2

Published on Jul 25, 2014 8:51 AM
 
The prices of Housing Board resale flats fell more steeply in the second quarter of this year than earlier estimated, even as the number of resale transactions increased. -- ST PHOTO: CAROLINE CHIA

SINGAPORE - The prices of Housing Board (HDB) resale flats fell more steeply in the second quarter of this year than earlier estimated, even as the number of resale transactions increased.

HDB resale values dropped 1.4 per cent in the quarter from the first three months of the year, the HDB said on Friday.

Flash estimates released early this month had indicated a decline of 1.3 per cent in HDB resale values for the April to June period, following a 1.6 per cent fall in the first quarter.

But the number of resale flats sold rose 16 per cent in the second quarter to 4,389 transactions.

 
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