HDB resale prices up 2.9% in Q4, 4.8% for entire 2020

January 4, 2021

HDB added that it will release the RPI for the entire quarter, along with the more detailed public housing data, on 22 January.

Singapore’s public housing market ended the year on a positive note, with HDB resale price index (RPI) increasing 2.9% quarter-on-quarter in the fourth quarter of 2020, showed HDB flash estimates released on Monday (4 January).

For the whole of 2020, resale flat prices rose 4.8%.

HDB noted that the index “provides information on the general price movements in the resale public housing market”.

Recommended article: Million-Dollar HDB Resale Flats in 2020: What’s So Special About Them?

HDB added that it will release the RPI for the entire quarter, along with the more detailed public housing data, on 22 January.

Meanwhile, it announced that it will offer around 3,700 Build-To-Order (BTO) flats in Bukit Batok, Tengah, Toa Payoh and Kallang Whampoa in February.

“This includes the new Community Care Apartments in Bukit Batok,” it said.

Suggested read: 20,000+ Flats will MOP in 2021: How Will the Surplus in Supply Affect Price?

In May, another 3,800 BTO flats in Geylang, Bukit Merah, Tengah and Woodlands will be offered.

“Given the economic uncertainty due to COVID-19, HDB is monitoring the housing market closely and will calibrate the supply if required,” it said.

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