HDB resale prices up 0.3% in August: SRX
LATEST flash estimates by SRX Property on Thursday show that HDB resale prices rose slightly in August while resale transaction volumes dipped.
HDB resale prices climbed 0.3 per cent last month, led by four-room and five-room flats. This still marks a 3 per cent drop from a year ago and an 11.3 per cent decline from the SRX's index peak in April 2013.
SRX Property has revised its index for July, which now shows a 0.6 per cent drop in HDB resale prices instead of a 0.5 per cent drop.
Based on HDB resale data compiled by SRX Property, 1,447 HDB resale flats were sold in August, a 6.8 per cent decrease from 1,552 transactions in July.
While this is a 9 per cent improvement from a year ago when 1,327 resale flats were sold, it is still 60.3 per cent lower than the peak of 3,649 resale flats sold in May 2010.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand