PRICES of Housing Board (HDB) resale flats fell by 0.8 per cent in the first quarter, more than the 0.6 per cent that was earlier estimated, putting an end to its record run since 2006.

And this comes after an increase of 1.4 per cent in the fourth quarter of last year.

In the wake of the falling prices, resale transactions rose by 4.2 per cent - from 6,186 cases in the previous quarter to about 6,446 cases in the first three months of this year. Compared to the same quarter a year ago, the increase is slightly lower at 1.4 per cent.

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