HDB June resale prices dip slightly
THE Housing Board resale market continued its long stagnation last month, with prices falling 0.6 per cent and no change to the number of flats changing hands, according to SRX Property flash figures yesterday.
Last month's dip was in contrast to a marginal 0.2 per cent rise in May
but experts said the overall picture remains one of stability.
Said ERA Realty key executive officer Eugene Lim: "Monthly price movements are to be expected
and this is not a cause for concern.
"Nor is it a sign that the price decrease will accelerate."
He expects a "very minimal" full-year price fall of 0.5 per cent.
R'ST Research director Ong Kah Seng said last month's dip can be seen as "more of a mini correction after slight price increase in May".
He expects prices to be flat for the year, assuming that long-term cooling measures are not relaxed.
The overall price fall last month was led by prices dipping 0.7 per cent for three-room flats and 0.8 per cent for five-room types - compared
to the unchanged prices of
four-room units and a 0.1 per cent
rise in executive-flat prices.