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HDB resale prices slipped 5.7% in February

Singapore Business Review

Prices in non-mature estates saw the largest drop.

Data from SRX Property released today showed that HDB resale prices registered a 5.7% year-on-year decline in February.

Prices in mature estates slipped by 3.2% year-on-year while those in non-mature estates dropped 7.6%.

On a month-on-month basis, HDB resale prices dropped by 0.6%, following a 0.6% month-on-month uptick in January.

The price drop was driven by HDB 3 Room, 4 Room and Executive Flats whose resale prices decreased by 1.2%, 0.6%, and 0.4%, respectively. The resale prices for HDB 5 Room remained unchanged from Jan 2015.



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