HDB resale prices inch up 0.1% in Q2

Singapore

FLASH estimates released by the Housing & Development Board (HDB) on Friday showed resale flat prices inching up 0.1 per cent in the second quarter of 2016 - undoing the 0.1 per cent dip in the index in Q1 this year.

Ismail Gafoor, PropNex Realty CEO, noted that the index has shown marginal price movements up and down in the past three quarters. As a result, the index is down just 0.1 per cent from a year ago.

Mr Gafoor said: "It is obvious that prices are in a consolidation phase. With prices consolidating, we expect transactions to pick up. Resale buyers who have remained on the sidelines should ha…