Singapore HDB resale price index slips 1% in Q1 from Q4

RESALE prices of public housing flats eased 1 per cent in the first quarter of this year against the previous quarter, based on Housing & Development Board's resale price index released on Friday. This marks the seventh consecutive drop in the index.

The volume of resale transactions decreased by 10.8 per cent to 4,135 cases in the first quarter from 4,635 cases in Q4 last year.

HDB also said that the the number of applications approved for subletting of HDB flats rose slightly by 0.2 per cent to 10,385 cases in Q1 2015 from 10,365 cases in Q4 2014 . As at end-March this year, the total number of HDB flats being sublet was 48,338 units, up 0.5 per cent from the 48,120 units as at end-Q4 2014.

HDB had offered 3,995 flats for sale under the Feb 2015 Build-To-Order (BTO) exercise. In the upcoming May 2015 BTO exercise, HDB will offer about 4,040 new flats in Clementi, Punggol, Sembawang and Tampines. An additional 5,000 flats will be offered in a concurrent Sale of Balance Flats exercise.