HDB resale prices fell 0.5 per cent in January 2016, compared to that of December 2015.
This marks the first decline in the monthly index in seven months, since July 2015, according to data released by SRX Property on Thursday.
Year on year, prices have fallen 1.3 per cent from January 2015. Since the peak in April 2013, prices have fallen 11.1 per cent.
Resale volume fell slightly. Some 1,286 HDB resale flats were sold in January, an 8.6 per cent decrease from 1,407 transacted units in December.
Year on year, resale volume rose 2.6 per cent, compared to 1,254 units resold in January 2015. Compared to its peak of 3,649 units in May 2010, resale volume was down by 64.8 per cent.