Resale prices for HDB flats up slightly, resale volume falls: SRX Property

Resale prices for Housing Board (HDB) flats increased by 0.1 per cent in September (2016) over the previous month.
Resale prices for Housing Board (HDB) flats increased by 0.1 per cent in September (2016) over the previous month.PHOTO: ST FILE

SINGAPORE - Resale prices for Housing Board (HDB) flats increased by 0.1 per cent in September (2016) over the previous month.

Still, the prices are a 0.4 per cent drop compared to those in Sept 2015, latest flash figures from SRX Property released on Thursday (Oct 6) show.

Despite a fall in the prices of three-room and executive flats, prices were nudged upwards by a 0.8 per cent increase in prices of four-room flats and a 1.2 per cent rise for five-roomers.

Overall, prices have slid by 11.4 per cent since a peak in April 2013.

According to the SRX Property data, in Sept this year, HDB resale prices of mature estates decreased by 0.2 per cent, while those in non-mature estates increased 0.4 per cent.

Despite some positive indicators, at 1,666, the resale volume in September 2016fell 11.3 per cent from the previous month and 10.8 per cent compared to September 2015.

Flash estimates released by the Housing Board on Monday (Oct 3) showed that its resale-flat price index remained the same in the third quarter of this year over the previous quarter.

The Resale Price Index (RPI) provides information on the general price movements in the resale public housing market. The RPI for the full quarter and more detailed public housing data for the second quarter will be released on Oct 28.