Aug HDB resale prices fall 1.1% from July: SRX

[SINGAPORE] HDB resale prices likely remained on a slide in August, with latest data from the Singapore Real Estate Exchange (SRX) suggesting a 1.1 per cent drop in resale prices from a month ago.

But this is still within what property consultants would term as "a soft landing" engineered by government cooling measures, with a market consensus that HDB resale prices could drop by 5-8 per cent for the whole year.

Resale prices were also down 7.1 per cent from August last year and 8.6 per cent from the peak in April 2013, based on the SRX data.