HDB resale prices up by 0.2 per cent, volume flat: SRX Property

Blocks of housing flats in the Commonwealth area.
Blocks of housing flats in the Commonwealth area.PHOTO: ST FILE

SINGAPORE - Resale prices for Housing Board flats crept up slightly by 0.2 per cent in May, while the number of transactions stayed more or less the same, continuing the market's stabilising trend.

According to flash figures from SRX Property, the overall price increase was led by the prices of three-room and five-room flats, which both rose by 0.7 per cent, as well as that of executive flats, which inched up by 0.4 per cent. Four-room flat prices dipped by 0.7 per cent.

While overall HDB resale prices have largely stayed flat in the past year, they have dropped by 10.9 per cent since peaking in April 2013.

Some 1,826 exchanged hands last month, comparable to the 1,828 units transacted in April. This is 15.9 per cent higher than the 1,575 units resold in May last year.

Compared to the peak of 3,649 units in May 2010, however, resale volume last month was still down by about half.