18 JULY 2015
HDB resale prices fell again as tighter mortgage curbs continue to cool demand. According to data from HDB, resale prices fell 0.4 per cent to 135.0 points — the eighth consecutive quarter of decline. This continued decline comes after a 0.7 per cent and 6.2 per cent contraction in 2013 and 2014 respectively.
Mr Ismail Gafoor, PropNex Realty CEO said, “The potent combination of the measures has been effective at slowing down the price growth of HDB resale prices. It is also good to note that the 0.4 per cent fall in Q2 is the lowest in the last 8 quarters.”
