HDB resale prices slump 0.3% in January

Amidst 13.9% decrease in resale volume.

According to SRX Property, there was a 0.3% decrease in HDB resale prices in January 2017 compared to that of December 2016. The resale prices of HDB 3 Rooms, HDB 4 Rooms decreased by 0.6% and 0.5% respectively, while HDB 5 Rooms and HDB Executive increased by 0.4% and 0.9% respectively.

Year-on-year, prices have decreased by 0.1% from January 2016. Prices have declined 11.2% since the peak in April 2013. In January 2017, HDB resale prices in mature estates decreased by 0.7%, while non-mature estates remained the same.

Meanwhile, SRX Property said there were 1,174 HDB resale flats sold in January 2017, a 13.9% decrease from 1,364 transacted units in December 2016. Year-on-year, resale volume decreased by 8.9% compared to 1,289 units resold in January 2016.