HDB resale market remains flat

The resale market for Housing and Development Board flats in Singapore continued to slide, with the Resale Price Index down by 0.3 per cent and the number of transactions slipping 7.4 per cent in the third quarter of the year.

In a press release on Friday (Oct 23), HDB said that the Resale Price Index fell by 0.3 per cent, from 135.0 in the previous quarter to 134.6 in the quarter ended Sep 30.

Resale transactions fell by 7.4 per cent, from 5,286 to 4,893 cases, HDB said.

In the HDB rental market, while the number of applications to sublet HDB flats approved fell by 4.7 per cent – there were 10,510 cases in the second quarter, compared to 10,018 in the third – the total number of HDB flats sublet was up 0.6 per cent over the same period, rising from 49,480 to 49,796.

Source : Channel NewsAsia – 23 Oct 2015

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