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HDB resale prices surprise with 0.6% slide in Q1

Consultants attribute fall to traditionally quieter Q1 due to Chinese New Year and February being a shorter month.

Published Mon, Apr 3, 2017 · 09:50 PM

Singapore

HOUSING & Development Board (HDB) resale flat prices dipped 0.6 per cent in the first quarter of 2017 from the previous quarter, according to flash estimates out on Monday.

While this was by no means a significant decline, it surprised several property consultants who were expecting the data to show the market in consolidation mode.

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