Largest decline in HDB resale prices since 2002
Resale prices for HDB flats continued their decline in Q4 2014 — a result of a convergence of measures imposed last year and an increased supply of new flats. According to data from HDB flash estimates released today, resale flat prices fell 1.4 per making the overall decline of prices for 2014 at 6.1%.
This is the largest decline since 2002 (when the 2001 index fell 8.2 per cent in the year), noting that HDB adopted the new computation of the Resale Price Index – Stratified Hedonic Regression method.
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