HDB resale prices still slipping

Romesh NavaratnarajahOctober 23, 2015

Resale flats

Prices of resale HDB flats continued to fall for the ninth straight quarter in Q3 2015, down 0.3 percent from the previous quarter, according to more complete data released by the Housing Board on Friday.

Resale transactions also dropped 7.4 percent to 4,893 cases in Q3, from 5,286 cases in the quarter before.

Meanwhile, the number of applications approved to sublet flats in the HDB rental market decreased 4.7 percent from 10,510 cases in Q2 to 10,018 cases last quarter. A total of 49,796 units were sublet in Q3, up 0.6 percent over Q2 (49,480).

For the first half of 2015, there were 8,039 Build-To-Order (BTO) flats and 5,387 balance flats launched for sale.

Next month, HDB will release 7,000 BTO flats in Bidadari, Bukit Batok, Choa Chu Kang, Hougang, Punggol Northshore, and Sengkang. Another 5,000 flats will be offered in a concurrent Sale of Balance Flats exercise.

 

Price Index of HDB Resale Flats

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg

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