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HDB resale prices up 0.2% in February: SRX

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RESALE prices of Housing & Development Board (HDB) flats inched up slightly by 0.2 per cent in February from a month ago led by smaller flats, but overall prices were down 0.6 per cent compared to a year ago, flash estimates by SRX Property on Thursday showed.

RESALE prices of Housing & Development Board (HDB) flats inched up slightly by 0.2 per cent in February from a month ago led by smaller flats, but overall prices were down 0.6 per cent compared to a year ago, flash estimates by SRX Property on Thursday showed.

They are still 10.9 per cent below the peak in April 2013. There was no revision for SRX Property's price index tracking HDB resale prices in January.

Resale volumes dipped in February. HDB resale data compiled by SRX Property showed that 1,200 HDB resale flats were sold last month, a 6.7 per cent decrease from 1,286 transacted flats in January. Year on year, resale volume was up 4.5 per cent from the 1,148 flats transacted in February 2015.

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