HDB resale prices dip 0.1% in October as transaction volume inches up: SRX

HDB resale prices dipped 0.1 per cent in October compared to September, driven by a 0.9 per cent fall in the resale prices of five-room flats.

By contrast, the resale prices of HDB three-room flats and executive flats rose 0.6 per cent and 0.8 per cent respectively, while resale prices of four-room flats stayed flat.

This was according to the SRX Property Price Index for HDB Resale released on Thursday.

Year on year, prices have decreased by 0.5 per cent from October 2015 and fallen 11.5 per cent since the peak in April 2013.

On the transactions side, resale volume rose 0.4 per cent to 1,673 resale flats sold in October, from 1,666 transacted units in September.

Year on year, resale volume fell 4.2 per cent compared to 1,746 units resold in October 2015. Resale volume was also down by 54.2 per cent compared to its peak of 3,649 units in May 2010.

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