HDB resale prices down 0.1% in May

Whilst volume rose 8.1% to 1,983 flats sold.

There was a slight 0.1% decrease in HDB Resale prices for the past month compared to April. The resale prices of 5 Rooms and HDB Executive increased by 0.5% and 0.3% respectively, while HDB 3 Rooms remain unchanged and HDB 4 Rooms decreased by 0.1%.

According to SRX Property, prices decreased 0.7% year-on-year and declined 11.6% since the peak in April 2013.

In terms of resale volumes, there were 1,983 flats sold in May 2017, an 8.1% increase from 1,834 transacted units in April.

On a yearly basis, resale volume increased by 7.5% compared to 1,844 units resold in May 2016. However, it was down by 45.7% compared to its peak of 3,649 units in May 2010.

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