HDB resale prices down 0.5% in July: SRX

Singapore

THE 0.5 per cent drop in the resale prices of Housing & Development Board (HDB) flats in July from the previous month, based on SRX Property's latest flash estimates released on Thursday, still points to increased price stability of resale flats, though not necessarily a sooner sustainable price rebound, consultants say.

And with SRX revising its June index to reflect no change on a month-on-month basis, instead of a 0.1 per cent increase reported earlier, its HDB resale price index shows prices going up 0.2 per cent in April, before staying flat in May and June.