HDB resale prices down 1.4% in Q4, based on new calculation method

Price Index of HDB Resale flats

SINGAPORE: Flash estimates of the fourth quarter Resale Price Index – the first estimates based on a new method of calculation – showed a 1.4 per cent decline in the prices of Housing and Development Board flats over the previous quarter, the HDB announced on Friday (Jan 2).

The newly-adopted Stratified Hedonic Regression method “will control for variations in flat attributes of the resale flats transacted, thus better reflecting price changes over time”, the HDB said. “This allows the index to continue serving its purpose of providing timely and reliable information on resale market movements.”

Source: www.channelnewsasia.com

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