HDB resale prices up 0.2% in Q4, bringing full-year decline to 1.5%

PUBLIC housing resale prices in Singapore rose 0.2 per cent in the fourth quarter of 2015 over the third quarter.

This was according to flash estimates released by the Housing & Development Board (HDB) on Monday.

"Based on the flash estimate, the decline in resale flat prices for the whole of 2015 is 1.5 per cent," HDB said.

More detailed public housing data for the full fourth quarter will be released on Jan 22, 2016.

In 2016, HDB plans to launch about 18,000 Build-To-Order (BTO) flats, an increase of about 3,000 units from the 15,100 in 2015. This is to meet the expected demand due to recent policy changes.

The BTO exercise will be held in February when about 4,150 flats in Bidadari, Bukit Batok and Sengkang will be offered.