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Property: Resale prices for HDB flats increasing


(Photo: The Straits Times)

Looking to buy a resale HDB flat? Take note of the trends below:

Resale prices for HDB flats crept up by 0.2 per cent in February (2016) from the month before, with prices of four-room flats registering the largest gain of 0.8 per cent.

The resale prices of three-room units rose by 0.2 per cent, while those of five-room and executive flats fell by 0.1 per cent and 0.7 per cent respectively, data from the latest SRX residential property flash report showed.

However, in a year-on-year comparison, prices for all resale flats fell by 0.6 per cent compared to February 2015.

Fewer units also moved hands last month.

According to HDB resale data compiled by SRX Property, 1,200 resale flats were sold, a 6.7 per cent fall from 1,286 transacted units in January.

Year-on-year, resale volume rose by 4.5 per cent compared to 1,148 units resold in February 2015.

(First published in The Straits Times)

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