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HDB resale prices fall 0.4% to 41-month trough in December

SRX flash figures show resale volume is down 4.1%; analysts cite tighter mortgage servicing ratio limits

Published Thu, Jan 8, 2015 · 09:50 PM

Singapore

HDB resale prices fell 0.4 per cent to a 41-month low in December compared to November. Resale volume also fell 4.1 per cent to 1,295 units transacted in the traditionally slow last month of the year.

This was according to the latest SRX Property flash figures released on Thursday.

Analysts blame tighter mortgage servicing ratio (MSR) limits and capped demand from Singapore permanent residents, who can now only buy resale HDB flats three years after obtaining their status.

Year-on-year, December's resale prices fell a more pronounced 6.1 per cent, while volumes actually r…