HDB’s Resale Price Index for Q4 2011 increases by 1.7%

The Housing and Development Board’s flash estimate of the Q4 2011 Resale Price Index (RPI) is 190.4, an increase of 1.7 per cent over Q3.

The increase is lower than the 3.8 per cent seen in the previous quarter.

The RPI provides information on the general price movements in the public residential market.

Transacted prices of individual flats (by block and flat type) can be found on HDB’s website and detailed online enquiries can be made here.

The RPI for the full quarter and more detailed public housing data for Q4 2011 will be released on January 27.

In 2011, HDB offered 28,043 flats comprising 25,196 new flats under the Build-To-Order (BTO) system and 2,847 balance flats under the Sale of Balance Flats Exercise.

For 2012, prospective buyers can look forward to another 25,000 BTO flats.

HDB said “these projects will have a good geographical spread in the various towns/estates”.

In January this year, 3,890 BTO flats in Choa Chu Kang, Punggol, Sengkang and Tampines will be offered for sale.

More details will be given at the launch of the BTO exercise.

Source : Channel NewsAsia – 3 Jan 2012

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