HDB resale prices flat in Q2

HDB resale prices were unchanged in the second quarter, compared to a quarter ago, the latest quarterly statistics from the Housing & Development Board show.

Resale transactions increased by 31.2 per cent from the first quarter to 5,838 cases in the second quarter.

The number of applications approved for subletting of HDB flats rose 5.2 per cent quarter on quarter to 11,824 cases in the second quarter. As at June 30, 52,171 HDB flats were sublet, an increase of 2.2 per cent from the preceding quarter.

In the first half, HDB offered 13,110 flats, comprising 7,940 Build-To-Order (BTO) flats and 5,170 balance flats. In August 2016, HDB will offer about 4,800 BTO flats in Hougang, Sembawang, Tampines and Yishun.