HDB resale prices dip on lower volume in February: SRX

Singapore

HDB prices continue to decline in February, as their transaction volume also shrunk month on month, according to flash data from SRX Property released on Thursday.

Overall, HDB resale prices fell 0.6 per cent in February, confirming the 0.2 per cent increase in January to be a blip. Year on year, prices have fallen 5.7 per cent from February 2014.

The biggest factors driving prices down were: the tightened credit situation (a 30 per cent mortgage servicing ratio), the three-year wait-out period before newly minted permanent resident…