HDB resale prices inch up 0.2% in Q4

AFTER nine months of decline, public housing resale prices in Singapore rose 0.2 per cent in the fourth quarter of 2015 over the third quarter, although it remains to be seen if this uptick is sustainable.

The latest data was according to flash estimates released by the Housing & Development Board (HDB) on Monday. It brings the decline in resale flat prices for the whole of 2015 to 1.5 per cent.

This shows signs of stabilisation, on the heels of a 6 per cent price contraction in 2014. PropNex chief executive Mohd Ismail said: "Though we expect resale prices to be flat in 2016, it may have already reached a bottoming-out level in Q3 2015.