HDB resale prices on a 0.3% slump in February

Biggest decline seen on HDB Executive resales.

HDB resale prices have seen a decrease in the past month, dipping 0.3% in HDB resale prices compared to that of January.

According to SRX Property, the resale prices of HDB 4 Rooms, 5 Rooms and HDB Executive decreased by 0.2%, 0.5% and 1.7% respectively, while HDB 3 Rooms increased by 0.2%.

On a yearly basis, prices decreased 0.6%. Prices for the said period are 11.5% lower that the peak in April 2013.

Meanwhile, resale volumes also recorded a decline in February. According to the HDB resale data compiled by SRX, 1,074 HDB resale flats were sold in the past month, an 8.5% decrease from 1,174 transacted units in January.

On a yearly basis, resale volumes were down 10.9% compared to 1,205 units resold last year.