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Slight Fall In Prices For HDB Resale Flats In March, But Volume Jumps

Fizah Hatman
Updated

This article was originally on GET.com at: Slight Fall In Prices For HDB Resale Flats In March, But Volume Jumps

HDB resale prices in Singapore remained flat last month, according to flash figures released by SRX Property yesterday.

HDB resale prices fell by just 0.1% in March 2016. 3-room and 4-room flats faced a drop of 0.8% and 0.2% respectively, while there was a 1.6% drop in resale prices for executive flats. However, resale prices of 5-room flats increased by 0.7%.

HDB resale prices for flats in mature estates fell by 0.3%, while prices in non-mature estates remained flat.

It’s also interesting to note that the resale volume has increased to 1,651 last month, compared to 1,200 in February 2016, which is a 37.6% increase.

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The number of HDB resale flats sold in March 2016 was 22.5% more than the 1,348 flats resold in March last year. When compared to its peak in May 2010, where 3,649 units were resold, the resale volume has dropped by a significant 54.8%.

Landed property prices also fell in the last quarter of 2015. If you're looking for a home loan to refinance or to purchase a new home, here are 4 things to consider before getting a home loan.

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