HDB resale prices fell 1.6% in July

Resale prices of HDB 3 rooms and 4 rooms dipped by 1% and 0.5%, respectively.

Resale prices of Housing Development Board (HDB) flats in July slipped 1.6% YoY and 0.3% MoM, SRX Property revealed. The price slip is a 13.6% fall from the price peak in April 2013.

The decrease in resale prices were backed by slip in resale prices of HDB 3 rooms and HDB 4 rooms by 1% and 0.5%, respectively. Meanwhile, HDB 5 rooms and HDB Executive’s prices were stagnant from June’s resale prices.

According to the SRX Property Price Sub-Indices for HDB Resale, resale prices in mature estates dipped 1% whilst non-mature estate prices inched up 0.3%. On a YoY basis, prices in mature and non-mature estates fell 1.9% and 1.4%, respectively.

SRX also found that HDB resale flats sold in 2018 jumped 28% MoM to 2,548 in July from 1,990 in June. The resale volume ballooned 42.7 % YoY from 1,785 units resold in July 2017.

However, compared to resale volumes peak in May 2010, resale volumes fell 30.2% from the resale peak of 3,649 units in May 2010.