Release of 1st Quarter 2014 HDB Data

HDB Resale Market

2The Resale Price Index fell by 1.6% from 201.7 in 4th Quarter 2013 to 198.5 in 1st Quarter 2014 (see Annex A  (PDF 22KB)).

3Resale transactions decreased by 5% from 4,001 cases in 4th Quarter 2013 to 3,781 cases in 1st Quarter 2014 (see Annex B  (PDF 14KB)).

4The median resale prices in the various towns are tabulated in Annex C  (PDF 23KB).

5With the revision in resale procedures on 10 Mar 2014 to reduce the focus on Cash-Over-Valuation (COV) in negotiation, HDB will cease the publication of quarterly median COV by town and flat type from 1st Quarter 2014 onwards. The COV data currently available at HDB InfoWEB will also be removed.

6To facilitate negotiation of resale flat prices, flat sellers and buyers can refer to the latest transacted prices of resale flats, which are updated daily on the HDB InfoWEB. They can search for resale prices using the following e-services:

a) Resale Flat Prices e-Service, an interactive service which allows users to customise their search based on flat type, range of resale prices, resale application registered date, etc. The e-Service is also available on smartphones (iPhone and Android users can download the Mobile@HDB app. All other smartphone users can access the mobile site at mobile.hdb.gov.sg).


b) Centralised Map Services, which allows flat buyers to enquire about the transacted resale prices within each block located on the map. Flat buyers can also enquire about the transacted resale prices within a 500-metre radius from any existing HDB block or DBSS project.

HDB Rental Market

7The median subletting rents in the various towns in 1st Quarter 2014 are tabulated in Annex D  (PDF 23KB).

8Subletting transactions rose by 17% from 7,268 cases in 4th Quarter 2013 to 8,485 cases in 1st Quarter 2014 (see Annex E  (PDF 12KB)). The total number of HDB flats approved for subletting rose 2.1% from 45,674 units in 4th Quarter 2013 to 46,637 units in 1st Quarter 2014.

This press release provides the housing data for the HDB resale and rental markets in 1st Quarter 2014.

Source: HDB (25 Apr 2014)