HDB flats sold in resale market crashed 32% to 1,210

Even rented flats dropped.

According to SRX Flash Report, In June 2013, overall HDB Cash-Over-Valuation (COV) dropped $3,000 to end at $24,000, falling below the previous COV trough of $25,000 observed in both February and April 2012. This is also the lowest monthly COV since February 2011, when the overall COV was at $22,000.

Overall HDB resale prices slipped by 0.1% in June, marking the second consecutive marginal monthly drop in resale prices.

According to flash estimates, 1,210 HDB flats were sold in the resale market in June, approximately 9% less than May's 1,324 resale cases, and about 32% less than that of June 2012. (There were 1,790 HDB resale flats transacted in June 2012).

An estimated 1,410 HDB flats were rented in June 2013, 9% less than May's 1,554 rental transactions, and slightly less than the 1,480 flats rented in June 2012.