Prices of Q4 resale HDB flats down 1.5%, volume up 2.7%

Singapore

RESALE prices of Housing & Development Board (HDB) flats fell 1.5 per cent in Q4 2014 quarter-on-quarter, even as resale transactions of such flats rose 2.7 per cent, from 4,513 cases in Q3 to 4,635 cases in the October-December period.

This brings the HDB resale prices down 6 per cent for the entire year of 2014, according to data released by the HDB on Friday. This is the same as the flash estimate published on Jan 2. Despite the rise in resale volume in Q4, the number of resale transactions for the full year fell 4.3 per cent from 2013 to 17,318.