HDB resale prices continue slide, down 1.6% in Q1

Singapore

RESALE prices of public flats slipped for the third consecutive quarter, and analysts expect this downtrend to continue amid market caution and a large supply of new flats coming onstream.

Data from the Housing and Development Board (HDB) showed that resale prices in the first quarter fell 1.6 per cent from the previous quarter ago, following a 0.9 per cent dip in the third quarter and 1.5 per cent decline in the fourth quarter of last year.