RESIDENTIAL PROPERTY | Staff Reporter, Singapore

HDB resale prices up 0.3% in March

Resale volumes spiked 75.4% to 1,910 units.

The HDB market saw resale prices go up last month, inching 0.3% compared to February.

According to data from SRX Property, the resale prices of HDB 4 Rooms, 5 Rooms, and HDB Executive increased by 0.3%, 0.3%, and 1.7% respectively, whilst those of HDB 3 Rooms decreased by 0.7%

On a yearly basis, prices were down by 0.1% from March 2016. Prices have declined by 11.2% since their peak in April 2013.

This came as resale volumes saw a whopping 75.4% increase, with a total of 1,910 HDB flats for March compared to 1,089 transacted units in February.

On a yearly basis, resale volumes increased by 14.1%, up from 1,674 units. However, they went down 47.7% from the peak of 3,649 units in May 2010. 

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