Property: HDB resale prices stabilising

(Image: The Straits Times)

Thinking of buying resale flat? It's important to take note of these trends.

Housing Board resale prices stayed flat but transaction volume fell in the traditionally quiet month of December 2015, according to SRX Property flash figures on 7 January 2016.

HDB resale prices were overall unchanged from November to December, continuing the picture of a stabilising market.

Price changes for various flat types were also marginal. Three- and four-room flats saw prices rise by 0.3 and 0.1 per cent respectively, while five-roomers and executive flats both had price falls of 0.4 per cent.

For all flat types across mature estates, prices rose 0.2 per cent. In non-mature estates, they fell 0.2 per cent.

This brought the full-year fall in HDB resale prices to 1.3 per cent. Non-mature estates contributed more to the decrease, with prices there falling 1.6 per cent year-on-year, compared to mature estates where prices fell 0.9 per cent.

With December being a traditionally slow month for transactions due to the end-of-year festive season, resale volume fell 4.3 per cent, with 1,404 flats changing hands compared to 1,467 in November.

But this was still up 8.4 per cent from a year before.

(First published in The Straits Times)