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HDB resale transactions up 8.1% m-o-m in May while prices dip 0.1%: SRX
THE transaction volume of Housing & Development Board (HDB) resale flats climbed 8.1 per cent month-on-month in May 2017 amid a 0.1 per cent price dip.
These findings are based on SRX Property's flash estimates released on Thursday for the public housing resale market for last month.
The slight easing in SRX Property's price index for HDB resale flats last month over April 2017 follows a 0.3 per cent month-on-month drop in April 2017.
Year-on-year, the price index has shed 0.7 per cent from May 2016. From the peak in April 2013, the index has declined 11.6 per cent.
Data compiled by SRX Property shows that an estimated 1,983 HDB flats were resold last month, 8.1 per cent higher than the 1,834 units in April 2017. Year- on-year too the figure was up 7.5 per cent from the 1,844 units resold in May 2016.
That said, last month's resale volume was 45.7 per cent below the peak of 3,649 units in May 2010.