SINGAPORE - The Resale Price Index for HDB flats fell 1.7 per cent in the third quarter of the year (Q3), compared to the previous quarter, while transactions rose by 2.8 per cent.
Data from the Housing and Development Board showed that the Resale Price Index fell to 192.4 in the third quarter, from 195.7 in the second quarter of the year. The index fell 1.4 per cent in Q2 and 1.6 per cent in Q1.
The index has fallen by about 6 per cent since Q3 last year, when the index was at 204.8.
Total number of resale transactions in Q3 reached 4,513. The number in Q2 was 4,389, while the number in Q1 was 3,781.
Subletting of HDB flats is also on the up trend, with 8,923 cases approved in Q3, up 5.5 per cent from 8,455 cases in Q2.
HDB said that it has offered 18,178 Build-To-Order (BTO) flats and 3,383 balance flats this year, and is on track to launch 22,400 BTO flats for the whole year. It will offer 4,290 BTO flats in Sembawang, Sengkang, Tampines and Yishun, and another 3,000 balance flats, next month.
Friday, Oct 24, 2014
AsiaOne
Source: AsiaOne (24 Oct 2014)