SINGAPORE - HDB resale prices dipped by 0.5 per cent in September, registering a fall for the eighth consecutive month, the Singapore Real Estate Exchange (SRX) said in its report on Thursday.
Compared year-on-year, HDB resale prices were 7.5 per cent lower than they were in September 2013. Prices in September this year were also the lowest in 20 months.
HDB 3, 4, and 5-room flats drove the overall index down with declines of 0.2 per cent, 0.2 per cent and 1.6 per cent, respectively. Executive flat prices increased slightly by 0.1 per cent.
While prices dipped, HDB resale volume improved in September. According to SRX, 1,469 HDB resale flats were sold in September, a 10.7 per cent increase from 1,327 in August.
Year-on-year, resale volume increased by 19.9 per cent compared with 1,225 units in September 2013;
On the other hand, rental volume dipped to 1,483 HDB flats compared to 1,590 units in August 2014.
Year-on-year, rental volume in September 2014 was 0.7 per cent lower compared with 1,493 units rented in September 2013.
Rental prices also slipped slightly in September. According to the SRX, rents declined 0.3 per cent in September compared to August. The rental prices of HDB 3, 5-room and executive flats fell 0.5 per cent, 0.3 per cent and 0.8 per cent respectively, while rental prices of 4 room flats increased by 0.1 per cent
On a year-on-year basis, rents in September 2014 were down 2.5 per cent from September 2013.
Thursday, Oct 09, 2014
AsiaOne
Source: AsiaOne (09 Oct 2014)