HDB resale prices dropped 4.3% in July while sales volume jumped

1,522 flats were resold last month.

HDB resale prices registered a 4.3% year-on-year drop in July, while sales volume rose by 15.6% compared with 1,342 units resold in the same month last year.

A report by SRX property noted that HDB resale prices have declined 11.4% since the peak in April 2013, while resale volume has plunged 57.5% compared to its peak of 3,649 units in May 2010.

On a month-on-month basis, HDB resale prices dropped 0.5% while volume decreased 9.2%.

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