HDB resale prices up 0.3% in August: SRX

LATEST flash estimates by SRX Property on Thursday show that HDB resale prices rose slightly in August while resale transaction volumes dipped.

HDB resale prices climbed 0.3 per cent last month, led by four-room and five-room flats. This still marks a 3 per cent drop from a year ago and an 11.3 per cent decline from the SRX's index peak in April 2013.

SRX Property has revised its index for July, which now shows a 0.6 per cent drop in HDB resale prices instead of a 0.5 per cent drop.

Based on HDB resale data compiled by SRX Property, 1,447 HDB resale flats were sold in August, a 6.8 per cent decrease from 1,552 transactions in July.

While this is a 9 per cent improvement from a year ago when 1,327 resale flats were sold, it is still 60.3 per cent lower than the peak of 3,649 resale flats sold in May 2010.