SRX released their flash estimates for the 2017 December HDB resale prices which saw a 0.1% increase, reversing a sequential drop of 0.1% November.
Despite the monthly increase, December 2017’s reading is down 1.8% from December 2016, indicating that a recovery in the HDB resale market is not yet on the cards.
A muted level of resale transaction volumes also show that recovery may be some way off. At 1,585 units transacted in December 2017, this is 20% lower than the previous month.
An average of 1,600 HDB resale units have been transacted monthly over the past 12 months.
In terms of median resale prices, SRX notes that Bishan has the highest at S$711,000 followed by Bukit Timah at S$704,000.
On the lower end, prices in Ang Mo Kio were at S$316,000.
Across the Singapore market, HDB resale …