HDB resale prices fall 0.3% in February on lower volume

HDB resale prices fell 0.3 per cent in February compared with January.

Resale prices of HDB four-room, five-room and executive flats fell 0.2 per cent, 0.5 per cent and 1.7 per cent respectively, while those of three-room flats rose 0.2 per cent.

This was according to the SRX Property Price Index for HDB Resale.

Year-on-year, prices have decreased by 0.6 per cent from February 2016, and 11.5 per cent since the peak in April 2013.

Comparing regions, HDB resale prices in mature estates rose 0.4 per cent, while those in non-mature estates fell 0.8 per cent.

In terms of transactions, resale volume fell 8.5 per cent to about 1,074 HDB resale flats sold in February, down from 1,174 transacted units in January.

Year-on-year, resale volume fell 10.9 per cent compared with 1,205 units resold in February 2016.

Resale volume was also down by 70.6 per cent compared with its peak of 3,649 units in May 2010.