HDB resale price index falls by 6 per cent in 2014

The HDB Resale Price Index (RPI) fell by 1.5 per cent in the fourth quarter of 2014, contributing to an overall decline of 6 per cent in RPI in the whole of 2014. -- PHOTO: ST FILE
The HDB Resale Price Index (RPI) fell by 1.5 per cent in the fourth quarter of 2014, contributing to an overall decline of 6 per cent in RPI in the whole of 2014. -- PHOTO: ST FILE

SINGAPORE - The HDB Resale Price Index (RPI) fell by 1.5 per cent in the fourth quarter of 2014, contributing to an overall decline of 6 per cent in RPI in the whole of 2014, the latest figures released by the HDB showed.

Resale transactions increased by 2.7 per cent from 4,513 cases in the third quarter to 4,635 cases in the fourth quarter.

The number of resale transactions for the full year of 2014 was 17,318, a decrease of 4.3 per cent compared to 2013.