HDB resale prices down slightly in March, more flats sold

SINGAPORE – Prices of resale Housing and Development Board (HDB) flats inched slightly lower in March, according to the latest HDB resale flash report by SRX Property.

The report, released on Thursday, revealed that prices of public resale flats fell 0.1 per cent in March from February. Upcoming new launch condo include Parc Botannia , Rezi 35Carpmael Thirty Eight , Fivenine , Sixteen35 Residences and Kandis Residence , Sengkang Central condo while existing ones include Kingsford Waterbay, Seaside Residences and Grandeur Park Residences.

Year-on-year, prices have increased by 0.1 per cent from March 2015, while they are 11 per cent lower than the peak recorded in April 2013.

Home prices in mature estates fell by 0.3 per cent, while prices in non-mature estates remained flat.

Based on housing type, Executive flats saw the biggest drop in prices, falling 1.6 per cent. Three-room and four-room flat prices also fell by 0.8 per cent and 0.2 per cent respectively, whereas resale prices of five-room flats were up 0.7 per cent.

According to SRX Property, a total of 1,651 resale flats transactions occurred in March. This is a 37.6 per cent increase from the 1,200 units sold in February.

Resale volume has also increased by 22.6 per cent compared to the 1,348 units resold in March last year.