HDB resale prices slip 0.3% m-o-m in September; volume down 14%: SRX

HDB resale prices slipped 0.3 per cent in September from a month ago, marking a reversal from a 0.2 per cent uptick in August, SRX Property flash estimates show.

That decline, however, did not help to support resale transaction volumes.

Based on SRX Property estimates of HDB resale transactions, about 1,683 HDB resale flats were sold in September, a 14 per cent decrease from August, and almost unchanged from September last year.

The resale prices of HDB 3-room, 4-room and executive flats decreased by 0.5 per cent, 0.6 per cent, and 1.5 per cent respectively, while 5-room flats increased by 0.1 per cent.

From a year ago, resale prices in September were 1.8 per cent lower; they were 12.3 per cent below the peak in April 2013.

Resale prices in mature estates held up with a 0.8 per cent uptick in September from a month ago, while non-mature estates slipped one per cent.