HDB resale prices down 1.7% on-quarter in Q3
The number of resale transactions rose by 2.8 per cent from 4,389 cases in the second quarter to 4,513 cases in the third quarter, HDB says.
SINGAPORE: Prices of resale flats fell by 1.7 per cent on-quarter in the third quarter of 2014, while the number of resale transactions rose 2.8 per cent, according to the Housing and Development Board (HDB).
HDB on Friday (Oct 24) announced that the Resale Price Index (RPI) fell from 195.7 in the second quarter to 192.4 in the third quarter. Resale transactions increased from 4,389 cases in the second quarter to 4,513 cases in the third quarter.
The number of subletting transactions rose by 5.5 per cent from 8,455 cases in the second quarter to 8,923 cases in the third quarter. The total number of HDB flats approved for subletting rose by 1.5 per cent from 47,015 to 47,707 units.
Since January this year, a total of 18,178 Build-To-Order (BTO) flats and 3,383 balance flats under the BTO and Sale of Balance Flats (SBF) exercises have been launched. HDB said it is on track to launch 22,400 BTO flats for the whole of 2014.
Another 4,290 BTO flats in Sembawang, Sengkang, Tampines and Yishun will be launched in November, HDB said. An additional 3,000 flats will be offered in a concurrent SBF exercise.
- CNA/cy
- wong chee tat :)
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