HDB resale prices hit 40-month low in November: SRX

SINGAPORE: The resale prices of Housing and Development Board (HDB) flats fell 0.8 per cent in November, hitting a 40-month low since August 2011, the Singapore Real Estate Exchange (SRX) said on Thursday (Dec 4).

Prices fell by 0.8 per cent for three- room HDB flats, 1.2 per cent for four-room flats, 0.2 per cent for five-room flats, and 2.2 per cent for executive flats.

Overall, prices have declined 6.3 per cent since the same period a year ago and 9.8 per cent since the peak in April 2013, SRX said.

A total of 1,350 HDB resale flats were sold last month, a 13.1 per cent decrease from the 1,553 transacted units in October. Compared with a year ago, resale volume was up 11.4 per cent, SRX said.