HDB resale prices inch up but volume slides down
HDB resale prices rose 0.7 per cent last month compared with June.
The resale prices of three-room, four-room and five-room flats increased by 0.6 per cent, 0.3 per cent and 0.5 per cent respectively.
On the other hand, the resale prices of executive flats declined 0.4 per cent.
This was according to the SRX Property Price Index for HDB resale prices released yesterday.
Year on year, prices have risen 0.8 per cent from July last year though prices have declined by 10.9 per cent since the peak in April 2013.
In terms of transactions, resale volume fell 13.7 per cent last month to 1,573 flats resold, from 1,823 in June.
Year on year, resale volume was up 1.4 per cent, compared with 1,552 units resold in July last year.
But resale volume was down by 56.9 per cent, compared with its peak of 3,649 units in May 2010.
THE BUSINESS TIMES