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10/03/2016

HDB resale prices drop further

HDB resale flat prices rose slightly by 0.1 percent in Q4 2015 from the previous quarter, according to the latest resale price index (RPI) from the Housing Board. However, resale flat prices for the whole of 2015 fell by 1.6 percent.

The number of resale transactions for the year reached 19,306 cases, up 11.5 percent from 2014.

As at 31 December 2015, 50,264 HDB flats were sublet, up 0.9 percent from the 49,796 units in the previous quarter.

In 2016, the HDB plans to launch four Build-To-Order (BTO) exercises, with a total supply of about 18,000 new flats. These flats will be spread across various locations, so that home buyers can choose a flat that best meets their budget and needs.

The first BTO exercise will be held next month where about 4,150 flats in Bidadari, Bukit Batok and Sengkang will be offered.

Picture Source & Source copied: http://www.propertyguru.com.sg/property-management-news/2016/1/115725/hdb-resale-prices-down-in-2015

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