SINGAPORE – The Housing Board resale market continued its long stagnation in June, with prices falling 0.6 per cent and virtually no change to the number of flats changing hands, according to SRX Property flash figures on Thursday.
The overall fall in resale prices was due to resale prices of three-room flats falling 0.7 per cent and those of five-roomers falling 0.8 per cent. This more than made up for the unchanged prices of four-room flats and a 0.1 per cent rise in executive flat prices. Upcoming executive condo include Treasure Crest and Northwave EC while existing ones include The Terrace EC, Brownstone, The Visionaire EC, Parc Life EC , Waterwoods EC, Signature at Yishun, Skypark Residences, Wandervale EC, The Vales EC, The Criterion EC, The Amore EC, Bellewaters EC, Bellewoods EC.
Overall prices were also down 0.6 per cent from the same time last year.
The fall was for flats across both mature and non-mature estates, with prices falling 0.7 per cent and 0.5 per cent respectively.
Resale volume also stayed flat with 1,823 units sold in June, almost the same as the 1,826 sold in May.
But it was higher compared to a year ago, when there were 1,709 units resold in June 2015.