Resale prices for HDB flats up 0.1% in Q2

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

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

The RPI for the second quarter of 2016 came in at 134.8, down marginally from the previous quarter’s 134.7, the HDB said. The index provides information on the general price movements in the resale public housing market.

The HDB plans to launch about 5,000 Build-To-Order (BTO) flats in August in Hougang, Sembawang, Tampines and Yishun.

Source : Channel NewsAsia – 1 Jul 2016