HDB resale flat prices up an estimated 4.4% in Q2

Prices of HDB resale flats rose 4.4 per cent in the three months to June over the previous quarter, according to the Housing and Development Board’s flash estimate.

Straits Vista @ Marsiling

This was slightly higher than the 3.7 per cent increase in the first quarter.

In the first half of the year, HDB has launched a total of 4,524 new flats.

Subject to demand, HDB plans to offer about 3,900 new flats under the Build-To-Order (BTO) system over the next 6 months in various towns.

The total planned BTO supply of 8,400 new flats this year will surpass the BTO supply in 2007.

This will be in addition to flats offered under the Balloting Exercise for surplus replacement flats under the Selective En bloc Redevelopment Scheme, and the other exercises for sale of balance flats from previous offers. – CNA/yb

Source : Channel NewsAsia – 1 Jul 2008

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