SINGAPORE - Prices of public homes dipped slightly in the second quarter of 2015 (Q2), the Housing & Development Board (HDB) revealed in a statement on Friday.
The HDB Resale Price Index saw a 0.4 per cent decline from 135.6 in the first quarter of the year (Q1) to 135.0. This was lower than the 1 per cent dip recorded in the previous quarter.
However, resale transactions surged by almost 28 per cent, and a total of 5,286 homes were sold in the three months to Jun 30, an increase from 4,135 in the first three months of the year.
There was also a rise in the number of rentals from 10,385 in Q1 to 10,510 in Q2, an increase of 1.2 per cent.
According to HDB, a total of 49,480 HDB flat units were being sublet as of Jun 30, up from 48,338 units at Mar 31.
The Housing Board also said that it offered a total of 13,426 flats in the first half of the year, and that it will offer another 4,860 flats in Bidadari and Punggol Northshore at the upcoming Build-To-Order exercise in September. A further 4,000 units will also be offered in a concurrent Sale of Balance Flats exercise.
Source: AsiaOne (24 July 2015)