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HDB resale prices slipped 0.5 per cent in the first quarter, steeper than the 0.1 per cent dip in Q4 2016, data from the Housing & Development Board showed on Friday.
Resale transactions also fell 9.6 per cent to 4,530 cases from 5,012 cases.
The number of applications approved for subletting of HDB flats fell by 6.5 per cent to 9,981 cases in the first quarter from 10,678 cases in the fourth quarter.