RESIDENTIAL PROPERTY | Staff Reporter, Singapore

HDB resale volume dips 4.3% in December

Only 1,404 units were sold.

HDB resale volume dipped by 4.3% in December 2015, according to the SRX Property Price Index. Only 1,404 HDB flats were sold in December 2015, marking a slight pullback from November 2015’s 1,467 transacted units.

Resale volume also picked up by 8.4% YoY compared to 1,295 units resold in December 2014. It’s plunged 61.4%, though, compared to the resale volume peak of 3,649 units in May 2010.

Meanwhile, resale prices remained the same. Compared to November 2015, 3- and 4-room HDB flats respectively inched up 0.3% and 0.1%. 5-room and executive flats each slipped 0.4%.

On a YoY basis, prices marginally dipped by 1.3% from December 2014. Prices also tumbled by 10.7% since April 2013’s peak.

December 2015 also saw HDB resale prices in mature estates edge up by 0.2%, and slip by 0.2% in non-mature estates. Further, a YoY comparison shows mature estate prices dipped by 0.9% and non-mature estates prices dipped 1.6% from December 2014.

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