Property
HDB resale prices continue falling
By PropInvestSG  •  January 29, 2018
HDB released their fourth qurater 2017 property market information and the Resale Price Index tracked by them showed a fall of 0.2% on a quarter on quarter basis and a fall of 1.5% on a year basis. The quarterly decline is less negative than the -0.7% registered in 3Q2017, but the decline of 1.5% on a yearly basis is the most severe since 4Q2015 when prices fell 1.6% y-o-y. Between 4Q2013 and 4Q2017, there has been only one quarter of positive yearly increase in 3Q2016, and that was for only 0.1%. Between the peak index reading of 149.4 in 2Q2013 and 4Q2017, the index has fallen 11.2% and there has been no sign that prices will improve. The performance of HDB resale flats is a divergence from the private residential market where prices are beginning to look up. Also read: Check out a one pager on key property market information I can think of a few reasons why HDB flat prices are falling......
Read the full article
By PropInvestSG
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance