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0.6% drop in Q3 HDB resale price index surprises analysts

Decline gains momentum despite signs of stabilising in 2016 and increases in CPF grants

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Kalpana Rashiwala

Kalpana Rashiwala

Published Mon, Oct 2, 2017 · 09:50 PM
Price index of HDB resale flats

Singapore

THE Housing & Development Board's (HDB) flash estimates for the third quarter surprised some consultants with a resale price dip of 0.6 per cent over the second quarter.

This follows quarter-on-quarter declines of 0.1 per cent in Q2 this year and 0.5 per cent in Q1.

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