Resale prices for Housing Board flats creep up by 0.2 per cent in February

HDB flats at Bukit Panjang Ring Road near Jelapang LRT Station.
HDB flats at Bukit Panjang Ring Road near Jelapang LRT Station. PHOTO: ST FILE

SINGAPORE - Resale prices for Housing Board flats crept up by 0.2 per cent in February (2016) from the month before, with prices of four-room flats registering the largest gain of 0.8 per cent.

The resale prices of three-room units rose by 0.2 per cent, while those of five-room and executive flats fell by 0.1 per cent and 0.7 per cent respectively, data from the latest SRX residential property flash report showed.

However, in a year-on-year comparison, prices for all resale flats fell by 0.6 per cent compared to February 2015.

Fewer units also moved hands last month.

According to HDB resale data compiled by SRX Property, 1,200 resale flats were sold, a 6.7 per cent fall from 1,286 transacted units in January.

Year-on-year, resale volume rose by 4.5 per cent compared to 1,148 units resold in February 2015.