HDB resale prices down 0.8% in November to 40-month low: SRX

HDB resale prices fell 0.8 per cent month-on-month in November, and 6.3 per cent year-on-year, to a 40-month low, according to the Singapore Real Estate Exchange's (SRX) HDB price index.

SRX Property said on Thursday morning that HDB resale volumes have also slipped. 1,350 HDB flats were sold on the resale market in November, a 13.1 per cent drop from 1,553 units in October, according to data compiled by SRX Property. But more flats changed hands last month than in November 2013 - resale volume was 11.4 per cent higher.

SRX Property said that its data for November show that HDB resale prices have fallen 9.8 per cent since the latest peak in April 2013, while resale volume is now 63 per cent lower than the most recent peak in May 2010.