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Aug HDB resale prices fall 1.1% from July: SRX

This is within consultants' 'soft landing' expectations

[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...

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