HDB resale prices up 0.6% in Q1

HDB’s Resale Price Index rose from 190.4 in 4th Quarter 2011 to 191.6 in the 1st Quarter 2012, an increase of 0.6% over the previous quarter. This is the same as the flash estimate released on 2 April 2012.

Resale transactions fell 0.5%, from 5,921 cases in 4th Quarter 2011 to 5,892 cases in 1st Quarter 2012.

HDB offered 8,076 flats under Build-To-Order (BTO) exercises and another 3,825 flats under a Sale of Balance Flats exercise in 1st Quarter 2012.

In May 2012, HDB will offer 4,640 BTO flats for sale in six projects, spread over four towns/estates: Choa Chu Kang, Kallang/Whampoa, Punggol, and Sengkang. Information on the coming May 2012 BTO exercise is available on the HDB InfoWEB.

Subletting transactions rose 10% from 6,039 cases in 4th Quarter 2011 to 6,653 cases in 1st Quarter 2012. The total number of HDB flats approved for subletting rose to 41,200 units in 1st Quarter 2012, compared to 40,000 units in 4th Quarter 2011.

The cash premium that home buyers pay upfront, also known as cash-over-valuation, fell across all categories.

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