Resale flat prices dip for first time since 2009: Q3 flash estimates

Resale flat prices have dipped for the first time since the start of 2009 going by estimates by the Housing Board (HDB). -- ST FILE PHOTO: CAROLINE CHIA 
Resale flat prices have dipped for the first time since the start of 2009 going by estimates by the Housing Board (HDB). -- ST FILE PHOTO: CAROLINE CHIA 

Resale flat prices have dipped for the first time since the start of 2009 going by estimates by the Housing Board (HDB).

The resale price index in the third quarter of this year fell 0.7 per cent to hit 205.1.

Experts attributed this to earlier measures such as caps on the mortgage for loans, which resulted in lesser transactions overall.

HDB said it was on track to deliver 25,000 flats. About 5,000 in Bukit Batok, Hougang, Jurong West, Sembawang and Woodlands will be offered next month.