HDB resale prices inch up 0.7%

Number of units sold took a hit.

Housing and Development Board (HDB) resale prices crept 0.7% higher in July 2016 than in June 2016.

The Singapore Real Estate Exchange (SRX) reported the resale prices of HDB 3 Room, 4 Room and HDB 5 Room Flats went up 0.6%, 0.3% and 0.5% respectively. Only the resale prices of HDB Executive Flats dipped 0.4%. HDB’s YoY prices also climbed up 0.8% from July 2015.

Meanwhile, HDB’s resale volume slipped 13.7% to 1,573 flats sold in July 2016 as against the 1,823 transacted units a month ago.

YoY resale volume increased by 1.4% compared to 1,552 units resold in the same month last year. However, this is 56.9% lower than the peak sale of 3,649 units in May 2010.