SINGAPORE - Housing Development Board (HDB) resale prices increased 0.6 per cent in January, according to a SRX Property flash report.
This is the first time since January 2014 that HDB resale prices have risen. When compared year-on-year, prices dipped 5.7 per cent from January last year.
Last month's increment was attributed to the price spike of 1.1 per cent and 1.5 per cent in four- and five-room flats respectively. This compensated for the 0.9 per cent and 0.6 per cent price drops for three-room and executive flats respectively.
According to SRX, resale prices in mature estates rose by 0.5 per cent while those in non-mature estates went up 0.7 per cent.
Although resale volume dropped 3.1 per cent in January from December's figure of 1,295, it was still 15.3 per cent higher than the 1,088 units sold last January.
Thursday, Feb 05, 2015
AsiaOne
Source: AsiaOne