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HDB resale prices slip 0.3% in Q3

Friday, October 23, 2015 - 09:10
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HDB resale prices slipped 0.3 per cent in the third quarter compared to the second quarter, marking a ninth consecutive quarter of decline.

HDB resale prices slipped 0.3 per cent in the third quarter compared to the second quarter, marking a ninth consecutive quarter of decline.

Resale transactions fell by 7.4 per cent quarter-on-quarter to 4,893, according to the third quarter statistics from the Housing & Development Board (HDB).

The number of applications approved for subletting of HDB flats fell by 4.7 per cent to 10,018 cases in the third quarter.

In the first half, HDB offered 8,039 build-to-order (BTO) flats and 5,387 balance flats.

Next month, HDB will offer about 7,000 BTO flats in Bidadari, Bukit Batok, Choa Chu Kang, Hougang, Punggol Northshore, and Sengkang. An additional 5,000 flats will be offered in a concurrent sale of balance flats exercise.