HDB resale prices up 0.7% in July; volume down 13.7%: SRX

Singapore

RESALE prices of Housing & Development Board (HDB) flats rose 0.7 per cent in July compared to June, according to the SRX Property data released on Thursday.

But in terms of transactions, resale volume fell 13.7 per cent to about 1,573 flats last month, from about 1,823 units in June. This compared to a 0.6 per cent drop in resale prices in June, as transaction volume held steady.

R'ST Research director Ong Kah Seng said July's price rebound showed that HDB resale prices are still on a solid, stable footing. "June's weak resale price showing was due to the quieter school holiday period which distracted sales and negotiations. July's price rebound showed that the price dip in Ju…