Singapore public housing resale prices slipped 0.4% in Q2: HDB

HDB resale prices in Singapore slipped 0.4 per cent in the second quarter compared to the first quarter, the final figures from the Housing & Development Board show.

This confirmed the flash estimate of 0.4 per cent by HDB released a month ago and follows a one per cent drop in resale prices during the first quarter.

Amid the eight straight quarter of price decline for HDB resale flats, resale transactions jumped 27.8 per cent quarter-on-quarter to 5,286.

On the HDB rental market, the number of applications approved for subletting of HDB flat rose 1.2 per cent from a quarter ago to 10,510 in the second quarter.

As of June 30, the total number of HDB flats being sublet was 49,480 units, an increase of 2.4 per cent over the first quarter.