HDB flats resale prices continue to slide, down 0.4% in Q2

Flash estimates of the Resale Price Index (RPI) for the third quarter of 2015 showed a 0.3 per cent decline in the prices of Housing and Development Board (HDB) flats over the previous quarter, HDB announced on Thursday (Oct 1).

The flash estimate for the index is 134.6, HDB said, down from 135.0 in the previous quarter – the ninth consecutive quarter of decline.

The RPI for the full quarter will be released on Oct 23, along with more detailed public housing data, HDB added.

HDB also said it will offer about 7,000 Build-To-Order (BTO) flats in Bidadari, Bukit Batok, Choa Chu Kang, Hougang, Punggol Northshore, and Sengkang in November. In addition, about 5,000 flats will be offered in a concurrent Sale of Balance Flats exercise.

Source : Channel NewsAsia – 1 Oct 2015

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