HDB resale prices continue downward trend
HDB resale prices have dropped for the seventh month in a row, falling 1.1 per cent in August from the previous month.
This means that HDB resale prices have now fallen fell 8.6 per cent from their peak in April 2013 to the lowest level in 31 months.
On a year-on-year basis, resale prices dropped 7.1 per cent.
The figures were published today by the Singapore Real Estate Exchange, or SRX.
Prices of three-room flats led the fall, falling 2 per cent in August from July.
Four-room flats fell 0.9 per cent in the same period.
But the number of resale flats changing hands has stayed almost the same.
The SRX says 1,327 HDB resale flats were sold in August, down slightly from 1,342 in July.
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