HDB resale flat transactions drop 3.2% in Q3

Singapore

FOLLOWING a four-year high in the last quarter, Housing & Development Board (HDB) resale flat transactions fell by 3.2 per cent in the third quarter of this year, said HDB on Friday. There were 5,808 cases in the third quarter, down from 6,001 in the second quarter.

The last time transactions for a quarter crossed the 6,000-mark was in the third quarter of 2012, when 6,560 resale applications were registered. Compared to the third quarter last year, resale transactions in the same period this year were 5.3 per cent higher. According to HDB data, resale prices continued falling, dropping by 0.7 per cent in the third quarter this year over the previous quarter. Resale prices have been on a gradual decline since 2013.