HDB resale prices retreat 0.6% m-o-m in July but volume up 1.8%: SRX

PRICES of Housing & Development Board (HDB) resale flats fell 0.6 per cent in July 2017 over the preceding month, based on SRX Property's flash estimate for last month released on Thursday.

This follows a month-on-month decline of 0.2 per cent in June 2017.

SRX Property's overall resale price index for HDB flats is down 1.6 per cent year-on-year, and is also 12.2 per cent below its peak in April 2013.

Data compiled by SRX Property shows that an estimated 1,785 HDB flats were resold in July 2017, up 1.8 per cent from the 1,753 units in June 2017. Year-on-year, too, the figure was 12.2 per cent higher than the 1,591 units in July 2016.

That said, last month's resale volume was 51.1 per cent below the peak of 3,649 units in May 2010.