Fewer HDB flats resold in November but at higher prices

Singapore

HDB resale prices rose a slight 0.2 per cent in November compared to October this year, driven by a 0.8 per cent price increase in mature estates, versus a 0.3 per cent dip in non-mature estates.

But resale volume fell in November. According to HDB resale data compiled by SRX Property, some 1,585 flats were resold in November 2016, representing a 5.3 per cent drop from 1,673 transacted units in October.

On a year-on-year comparison, the trend is reversed. Resale prices have fallen 0.7 per cent from November 2015, while transa…