HDB resale prices slip in Q3
HDB resale price index (RPI) fell for the first time in more than four years in the third quarter of the year.
Flash estimates from HDB yesterday put the index at 205.1 in Q3, a 0.7 per cent drop from the previous quarter. This is the first time that the RPI has fallen since the Q1 of 2009, at the outset of the global financial crisis, when it lost 0.8 per cent.
With lower COVs, lower resale transaction prices are expected. There will be more lower priced transactions, flat valuations will also come down.
Is it still a good time to sell?