HDB resale prices sink 1.5% in Q1

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Resale flat prices continue to fall, declining 1.5 percent in Q1 2014, according to newly released flash estimates of HDB’s resale price index (RPI).

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

Prices of HDB resale flats have been on a downward trend since the second half of 2013, falling 0.9 percent in Q3 and 1.5 percent in Q4.

More detailed public housing data for the first quarter will be released on 25 April.

Going forward, HDB will offer about 3,060 Build-to-Order (BTO) flats in Bukit Batok and Woodlands in May. An additional 3,000 flats will also be offered in a concurrent Sale of Balance Flats (SBF) exercise.


Source copied from: http://www.propertyguru.com.sg/property-management-news/2014/4/37597/hdb-resale-prices-sink-1-5-in-q1