HDB resale flats up 0.2% in February: SRX Property
Same magnitude of rise seen in both mature, non-mature estates; but year-on-year prices still 0.6% lower
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Stronger signs of stabilising resale prices for Housing & Development Board (HDB) flats were reflected in the latest flash estimates by SRX Property in February, which showed resale prices inching up 0.2 per cent from a month ago.
The increase was seen in both mature and non-mature estates where resale prices rose by the same magnitude. On the whole, however, HDB resale prices were still 0.6 per cent lower than a year ago and 10.9 per cent below the peak in April 2013. There was no revision for SRX Property's price index tracking HDB resale prices in January, which dipped 0.5 per cent month on month.
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