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Resale prices for Singapore's public housing units up 0.7 pct in July

Xinhua, August 4, 2016 Adjust font size:

Resale prices of Singapore's public housing units built by Housing and Development Board (HDB) rose 0.7 percent in July, reversing the 0.6 percent decline in the previous month, according to flash estimates released by SRX Property on Thursday.

On a year-on-year basis, prices have risen 0.8 percent in July. If compare to the peak in April 2013, prices have declined by 10.9 percent, SRX said.

Resale volume fell significantly by 13.7 percent in July to 1,573 flats resold, down from 1,823 units in the previous month. On a yearly basis, resale volume rose 1.4 percent. However, if compare to the peak in May 2010, the resale volume dropped dramatically by 56.9 percent in July.

About 80 percent of the resident population in Singapore live in units built by HDB and sold to eligible households. Endit