Updated: 08/08/2014 00:11

HDB resale prices fall to a 29 month low in July



HDB resale prices fall to a 29 month low in July

HDB resale prices have fallen to a 29 month low after slipping 0.9 per cent in July compared with June. 

It was also the sixth consecutive month that prices have fallen. 

This is according to a flash report by the Singapore Real Estate Exchange, or SRX. 

Compared to the peak in April 2013, prices have declined by 7.8 per cent. 

Year-on-year, prices fell by 6.7 per cent. 

But while prices continued to fall, sales volume increased. 

The data shows that 1,340 resale flats were sold in July. 

This was a 2 per cent increase from June. 

Analysts say this was likely because buyers were returning to the market after the school holidays in June.

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