HDB resale prices edge up in November, volume down: SRX

Blocks of HDB flats in Hougang Avenue 10.
Blocks of HDB flats in Hougang Avenue 10. ST PHOTO: KUA CHEE SIONG

SINGAPORE - Housing Board resale prices edged up 0.4 per cent in November, in line with the stabilizing market, according to SRX Property flash figures on Thursday (Dec 3).

But resale volume fell significantly in a month that also saw a record launch of new flats for sale.

Resale volume fell significantly in November with 1,467 flats changing hands, down from 1,745 in October. Yet this was still higher than November last year, in which just 1,350 flats were resold.

The resale market has seen minor fluctuations this year of 1 per cent or less month-on-month, with experts characterising the overall picture as one of growing stability.

The rise in November was driven by larger flats, with resale prices rising 0.5 per cent for four-roomers and 1.4 for five-roomers. Prices for three-room and executive flats decreased by 0.7 per cent and 0.2 per cent respectively.

But the increase was felt in both mature and non-mature estates, where prices rose 0.4 per cent and 0.3 per cent respectively.