HDB resale prices fall 1.5% q-o-q in Q4 2014, but transactions up 2.7%

RESALE prices of public flats fell by 1.5 per cent in Q4 2014 quarter-on-quarter, according to data released by the Housing & Development Board (HDB) on Friday.

For the full year of 2014, resale prices fell 6.0 per cent.

However, resale transactions of public flats rose by 2.7 per cent, from 4,513 cases in Q3 to 4,635 cases in Q4.

The number of resale transactions for the full year of 2014 was 17,318, a decrease of 4.3 per cent compared to 2013.

Subletting approvals rose by 16.2 per cent, from 8,923 cases in Q3 to 10,365 cases in Q4.

In 2015, HDB will offer 16,900 build-to-order (BTO) flats, which will include flats in new areas such as Bidadari and Punggol Northshore. The BTO exercises will be conducted quarterly from February 2015.