HDB resale prices down 0.5% in July: SRX

HDB resale prices dropped 0.5 per cent in July from a month ago, going by SRX Property's flash estimate, with four-room, five-room and executive flats being the main drag.

This flash index represents a 4.3 per cent drop from a year ago and a 11.4 per cent slump from the peak in April 2013.

SRX Property also revised its June index to reflect no change on a month-on-month basis, instead of a 0.1 per cent increase as earlier reported.

Resale prices of three-room HDB flats remained flat while prices of four-room, five-room and executive flats dipped 0.7 per cent, 1.2 per cent and 0.9 per cent respectively.

Based on SRX Property's sub-indices, HDB resale prices fell a bigger 0.9 per cent in non-mature estates than in mature estates, where resale prices slipped 0.1 per cent in July.

Resale volume for HDB flats also contracted. Based on the HDB resale data compiled by SRX Property, 1,552 HDB resale flats were sold last month, down 9.2 per cent from 1,709 flats in June. July's resale volume was 15.6 per cent higher than a year ago; 57.5 per cent lower than the peak of 3,649 units in May 2010.