HDB RPI up 1.3%, resale transactions down 23%

The Resale Price Index (RPI) for Housing & Development Board (HDB) flats rose 1.3 per cent from 202.9 in the fourth quarter of 2012 to 205.5 in the first quarter of 2013.

According to data released by HDB on Friday, resale transactions fell 23 per cent from 5,631 cases in the fourth quarter of 2012 to 4,335 cases in Q1 2013.

In the rental market, subletting transactions rose 15 per cent from 6,443 cases in Q4 2012 to 7,410 cases in Q1 2013.

The total number of HDB flats approved for subletting rose 1.8 per cent from 43,508 units in Q4 2012 to 44,274 units in Q1 2013.

HDB said 4,850 Build-to-Order (BTO) flats will go sale in the May 2013 BTO exercise.

The BTO flats will be located in Choa Chu Kang, Hougang, Jurong West, Sembawang, and Woodlands.

An additional 3,000 flats will be offered in a concurrent Sale of Balance Flats exercise.

Source : Channel NewsAsia – 24 Apr 2013

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