HDB resale market remains quiet in June with prices down 0.6 per cent and volume flat

The overall fall was due to resale prices of three-room flats falling 0.7 per cent and those of five-roomers falling 0.8 per cent.
The overall fall was due to resale prices of three-room flats falling 0.7 per cent and those of five-roomers falling 0.8 per cent.PHOTO: ST FILE

SINGAPORE - The Housing Board resale market continued its long stagnation in June, with prices falling 0.6 per cent and virtually no change to the number of flats changing hands, according to SRX Property flash figures on Thursday (July 7).

The overall fall in resale prices was due to resale prices of three-room flats falling 0.7 per cent and those of five-roomers falling 0.8 per cent. This more than made up for the unchanged prices of four-room flats and a 0.1 per cent rise in executive flat prices.

Overall prices were also down 0.6 per cent from the same time last year.

The fall was for flats across both mature and non-mature estates, with prices falling 0.7 per cent and 0.5 per cent respectively.

Resale volume also stayed flat with 1,823 units sold in June, almost the same as the 1,826 sold in May.

But it was higher compared to a year ago, when there were 1,709 units resold in June 2015.