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HDB resale flat transactions up 6.1% in 2017

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The number of transactions for resale Housing Board (HDB) flats went up 6.1 per cent last year compared to 2016, based on latest figures released by the HDB on Friday.

[SINGAPORE] The number of transactions for resale Housing Board (HDB) flats went up 6.1 per cent last yearcompared to 2016, based on latest figures released by the HDB on Friday.

The HDB said there were 22,077 resale transactions in 2017, compared to 20,813 in 2016.

The resale of HDB flats fell by 1.2 per cent in the fourth quarter of last year, to hit 5,738 cases, down from 5,808 in the third quarter.

However, resale transactions in the fourth quarter of 2017 were up 14.5 per cent compared to the same period in 2016.

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There was also a 5.6 per cent in increase in the number of approved rental applications in the fourth quarter of last year, compared to the same period in 2016.

There were 11,279 approved applications to rent out HDB flats in the fourth quarter of 2017, up 5.4 per cent from 10, 698 the previous quarter.

HDB resale prices

As of the final quarter of last year, there were 53,750 HDB flats rented out, an increase of 0.6 per cent over the third quarter when they were 53,445 units rented out.

February's Build-To-Order exercise will also have 3,600 flats on offer in Choa Chu Kang, Geylang, Tampines and Woodlands. There will be about 17,000 new flats for sale this year.

THE STRAITS TIMES

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