Singapore HDB resale prices fall 0.2% in October
Flash estimates show prices declined for 3-room and executive flats, while 4-room and 5-room flats recorded gains.
Singapore’s HDB resale prices fell 0.2% in October compared with September, flash estimates from 99.co and SRX showed. The decline ended two consecutive months of increases in the SRX Price Index (SPI).
Price movements differed across flat types. Executive flats recorded a 1.2% decrease, while 3-room flats were down 1%. In contrast, 4-room flats gained 0.5% and 5-room flats rose 0.3%, according to the estimates.
Prices also declined in both estate categories: non-mature estates registered a 0.7% fall, compared with 0.2% for mature estates. The overall SPI reading for October was 208.4, against 208.9 in September.
The index had reached a high of 210.0 in February. It subsequently stood at 208.4 in April and rose to 209.0 in May, before dropping to 207.4 in July—the lowest reading across the report’s 13-month coverage. It then climbed to 207.6 in August and increased again in September, before October’s reversal.
