2013 HDB resale flat deals hit record low
Larger-than-estimated drop in prices in Q4 leads to first annual decline in eight years
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Singapore
HOUSING & Development Board (HDB) resale flat prices registered a drop in the fourth quarter of 2013 that was larger than estimated, leading to the first annual price decline in eight years.
Transaction volumes for the year plummeted to the lowest level since HDB started compiling the data in 1997, as sales continued to weaken in the last three months of the year.
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