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HDB resale flat prices seen falling further

Analysts expect 1-8% drop for this year despite pick-up in activity

Published Thu, Jan 2, 2014 · 10:00 PM

[SINGAPORE] Resale prices for Housing and Development Board (HDB) flats continued their decline in the last quarter of 2013, a trend which property consultants say is unlikely to reverse even by the end of this year.

They attribute this to a convergence of measures imposed to cool the market and a continued supply of new flats.

Flash figures released by the HDB yesterday indicated that the resale price index in the fourth quarter of 2013 was 202.1 (with 1998 being the base year when the index was 100).

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