According to SRX’s price index, HDB resale prices rose 0.1% on month in August compared to July 2018.
The increase marks a reversal of 2 months of decline (-0.2% in May to June and -0.3% in June to July).
Nevertheless, resale prices are down 1.6% in Aug 2018 compared to the same period last year (2017 Aug index: 134, 2018 Aug index: 131.8), on the back of cooling measures imposed on the private property market which has hit sentiment in the entire housing market.
On a flash basis, HDB resale volume has also dropped in Aug 2018 compared to July 2018.
2,076 resale cases were registered in Aug 2018, compared with 2,550 in July 2018, representing a decline of 18.6%.
Compared to a year ago, volume has increased marginally at 6.1% (Aug 2017: 1,957 sold).
By property type, 3, 4 and 5 room HDB flats all saw a decline in prices compared to the previous month, with the largest being that of 3 room HDB flats (-0.4%) followed by 4 room flats (-0.2%) and 5 room flats (-0.1%)…