HDB resale prices dip 0.1% in first quarter

Resale prices of flats dipped 0.1 per cent in the first quarter of the year compared to the previous quarter, according to flash estimates from the Housing and Development Board (HDB) released on Friday (Apr 1).

The decline comes after the Resale Price Index (RPI) for the fourth quarter rose 0.1 per cent from the previous quarter.

The RPI for the first quarter of 2016 came in at 134.6, down marginally from the previous quarter’s 134.8, the HDB said. The index provides information on the general price movements in the resale public housing market.

The HDB plans to launch about 4,000 Build-To-Order (BTO) flats in May and about 5,000 balance flats.

Source : Channel NewsAsia – 1 Apr 2016

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