HDB resale prices dip 0.2% in October

Prices for 4-room and 5-room flats edged up.

Overall HDB resale prices decreased by 0.2% month on month in October, according to flash estimates from 99.co and SRX.

The SRX Price Index (SPI) stood at 208.4 for the month, down from 208.9 in September.

HDB resale prices in mature and non-mature estates decreased by 0.2% and 0.7%, respectively.

By room type, prices for 3-room and executive flats dipped 1% and 1.2%, respectively, whilst prices for 4-room and 5-room flats edged up 0.5% and 0.3%, respectively.

The October dip follows a two-month rise in the SPI for HDB resale, which had fallen from a high of 210.0 in February this year.

The figure rose from 208.4 in April to 209.0 in May before hitting 207.4 in July, the lowest in the 13 months covered by the report.

The SPI then increased to 207.6 in August.

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Housing and Development Board

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