The resale market for Housing and Development Board (HDB) flats in Singapore fell slightly in the first quarter of 2016, with the Resale Price Index down by 0.1 per cent and the number of transactions slipping 10.9 per cent compared to the previous quarter.
SINGAPORE: The resale market for Housing and Development Board (HDB) flats in Singapore fell slightly in the first quarter of 2016, with the Resale Price Index down by 0.1 per cent and the number of transactions slipping 10.9 per cent compared to the previous quarter.
In a press release on Friday (Apr 22), HDB said that the Resale Price Index fell by 0.1 per cent, from 134.8 in the fourth quarter of 2015 to 134.7 in the first three months of 2016.
Resale transactions fell by 10.9 per cent, from 4,992 to 4,449 cases, HDB said.
In the HDB rental market, the number of applications approved to sublet HDB flats rose by 5.8 per cent from 10,618 to 11,239 cases. As of Mar 31, 51,052 HDB flats were sublet, an increase of 1.6 per cent from the fourth quarter of 2015, where 50,264 units were sublet, according to HDB data.
- CNA/dl
- Source: Channel NewsAsia