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HDB resale prices stay flat for second straight quarter in Q3

Monday, October 3, 2016 - 08:53

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HDB resale prices were unchanged in the third quarter compared to the second quarter, based on flash estimates from the Housing & Development Board.

HDB resale prices were unchanged in the third quarter compared to the second quarter, based on flash estimates from the Housing & Development Board.

This is the second straight quarter that HDB resale prices have stayed flat, in what is seen as a sign of continued stabilisation of the public housing market.

The HDB resale price index is still 9.8 per cent below the peak in the second quarter of 2013.

HDB said it will offer about 5,090 new flats in Bedok, Bidadari, Kallang/Whampoa and Punggol in a build-to-order (BTO) exercise next month.

About 5,000 balance flats will also be offered in a concurrent Sale of Balance Flats exercise.

More detailed public housing data for the third quarter will be released on Oct 28, when HDB will also announce the revised resale price index.

sentifi.com

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