Resale prices of HDB flats fall slightly in March, after small increase in February

HDB flats in Bedok estate.
HDB flats in Bedok estate.PHOTO: ST FILE

SINGAPORE - After creeping up slightly in February, resale prices for Housing Board flats dipped again by 0.1 per cent in March.

According to SRX Property flash figures on Thursday (April 7), the drop was led by prices of three-room, four-room and executive flats, which went down by 0.8 per cent, 0.2 per cent and 1.6 per cent, respectively.

Prices for five-roomers, however, increased by 0.7 per cent.

While overall prices have inched up 0.1 per cent from a year ago, they have slid some 11 per cent since their peak in April 2013.

Prices in mature estates dropped by 0.3 per cent, while those in non-mature estates stayed flat, said SRX Property.

Still, the number of HDB flats that changed hands on the resale market went up in March.

Some 1,651 flats were sold then, up 37.6 per cent from the 1,200 transactions in February.

By comparison, 1,348 units were resold in March last year.