Resale prices of Housing and Development Board (HDB) flats continued its downward trend, falling 0.2 percent in the second quarter of 2019, revealed flash estimates from the HDB.
Providing information on the general price movements within the resale public housing, the resale price index (RPI) fell to 130.8 in Q2 from 131 during the previous quarter.
HDB resale prices have been falling in the last three quarters – dropping 0.3 percent in Q1 2019, 0.2 percent in Q4 2018 and 0.1 percent in Q3 2018.
“The RPI for the full quarter, together with more detailed public housing data, will be released on 26 July 2019,” said HDB.
It also revealed that around 3,300 Build-To-Order (BTO) flats in Tampines and Punggol will be launched in the August sales exercise, and around 4,500 BTO flats in Ang Mo Kio, Tengah and Tampines in November.
“There will also be a concurrent Re-Offer of Balance Flats (ROF) exercise and Sales of Balance Flats exercise in August and November 2019 respectively.”
Unselected ROF flats are also available for booking by eligible home buyers throughout the year, it added.
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Fiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email firstname.lastname@example.org