POSTED: 24 Jan 2014 09:42 | CNA

SINGAPORE

The Resale Price Index (RPI) for HDB flats for the full year of 2013 has dropped 0.6 per cent, the first annual decline since 2005.

Data released by the Housing and Development Board (HDB) showed that the RPI fell 1.5 per cent from 204.8 in the third quarter of 2013 to 201.7 in the fourth quarter of 2013.

The number of resale transactions for the full year of 2013 dropped 28 per cent to 18,100 — the lowest volume since 1997 since HDB started keeping records.

Resale transactions fell by 12 per cent from 4,529 cases in Q3 to 4,001 cases in Q4.

– CNA/nd

http://www.channelnewsasia.com/news/singapore/hdb-resale-prices-fall-0/966088.html