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

Flash estimates of the Resale Price Index (RPI) for the second quarter of 2015 showed a 0.4 per cent decline in the prices of Housing and Development Board (HDB) flats over the previous quarter, HDB announced on Wednesday (Jul 1).

The flash estimate for the index is 135.0, HDB said, down from 135.6 in the previous quarter – an eighth consecutive quarter of decline.

The RPI for the full quarter will be released on Jul 24, along with more detailed public housing data, HDB added.

FURTHER TAPERING OF BTO SUPPLY

With the stabilising HDB resale market, the Build-to-Order (BTO) supply will be further reduced to 15,000 flats this year, HDB said. This will be augmented with more than 9,000 balance flats offered under the Sale of Balance Flats (SBF) exercises.

In the first half of this year, a total of 8,039 flats were offered for sale in two BTO exercises and 5,387 flats in an SBF exercise. HDB said it will offer another 4,860 BTO flats in Bidadari and Punggol Northshore by September, while about 4,000 flats will be offered in a concurrent SBF exercise.

Source : Channel NewsAsia – 1 Jul 2015

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