HDB resale prices down 0.6% in June; transaction volume remains flat

RESALE prices of Housing & Development Board (HDB) flats fell 0.6 per cent in June compared to May 2016, SRX Property data showed on Thursday.

That amounts to a 0.4 per cent drop in the second quarter of this year, contrary to official HDB flash estimates that showed resale-flat prices inching up 0.1 per cent in Q2 2016.

According to SRX Property, the resale prices of three-room and five-room flats fell 0.7 per cent and 0.8 per cent respectively, while those of four-room flats remained unchanged and those of executive flats rose 0.1 per cent.

Transaction volume in June was flat with 1,823 resale flats changing hands, almost the same as 1,826 units in May.

Year on year, resale volume rose 6.7 per cent from 1,709 units in June 2015.