HDB resale prices likely fell 0.8% in March: SRX

HDB resale prices continued to fall in March, likely slipping 0.8 per cent from a month ago and 6.6 per cent from a year ago, according to flash estimates by SRX Property.

These flash estimates showed price declines across HDB three, four and five-room flats.

Based on the estimates, HDB resale prices would have dropped 1.8 per cent so far this year and 11.1 per cent from SRX's HDB resale price index's peak in April 2013.

With more data available for February, SRX also revised its index to a 0.5 per cent decrease from an earlier reported 0.6 per cent decrease.

SRX sub-indices for HDB resale prices showed price declines of 0.9 per cent and 0.8 per cent in both mature and non-mature estates.

But resale transaction volumes improved. According to HDB resale data compiled by SRX Property, 1,349 HDB resale flats were sold in March, a 17.5 per cent increase from 1,148 transacted units in February. This is still 5 per cent lower than the 1,420 resale units sold in the same month last year.