HDB resale prices hit 15-month low in November

It dropped by another 0.6%.

According to the SRX Residential Flash Report, overall HDB resale prices slipped another 0.6% in November, reaching the lowest level since September 2012.

According to flash estimates, 1,051 HDB flats were sold in November's resale market, an 11.5% drop from October's 1,187 resale cases. On a year-on-year basis, November resales volume represented a 34% drop from the same period in 2012.

An estimated 1,321 HDB flats were rented in November 2013, down by 11% compared to October.

HDB median rents slipped 2.1% to reach $2,350, marking the first drop since median rental prices reached $2,400 in June 2012.

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