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HDB resale prices up for first time in 10 quarters

Prices inch up 0.1% in Q4 2015 from Q3; applications approved for subletting of HDB flats rise 6%

Published Fri, Jan 22, 2016 · 09:50 PM

Singapore

PUBLIC housing resale prices rose by 0.1 per cent quarter on quarter in Q4 2015, culminating in a full-year decline of 1.6 per cent.

This was according to data released by the Housing & Development Board (HDB) on Friday.

It is the first quarterly increase in 10 quarters, coming after a 6 per cent price drop in 2014.

PropNex Realty chief executive officer Ismail Gafoor said: "Though we expect resale prices to be flat in 2016, it may have al…

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