HDB resale flat prices down 6% for the year
But shift from seller's market to buyer's market not over yet: property consultants
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Singapore
THERE is no sign of a bottoming out of HDB resale prices even as the latest flash estimates from the Housing & Development Board (HDB) showed prices falling by 6 per cent for the whole of last year.
The estimated 1.4 per cent quarterly drop in the fourth quarter - though milder than the 1.7 per cent fall in the third quarter - marked a sixth straight quarter of decline in the HDB Resale Price Index (RPI) to a level last seen in 2011.
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