HDB resale prices crash 10% since peak

It was a 41-month low since August 2011.

The cooling measures have reached a significant milestone with the 10% drop in prices, and people are becoming exponentially more uneasy about their financial positions, according to SRX Property.

HDB resale prices dropped by 0.4% in December compared to November 2014. A report by SRX Property says that the price drop was driven by HDB 4 and 5 Room flats whose resale prices slipped by 0.7%, and 0.3% respectively.

According to the SRX Property Price Index for HDB Resale, HDB resale prices in December 2014 hit a 41-month low since Aug 2011. Year-on-year, prices have dropped 6.1% from December 2013, and prices have declined 10.0% since the peak in April 2013.