HDB on track to launch 25,000 BTO flats in 2013

15,944 to be offered by July.

The Housing and Development Board has released the 2nd Quarter 2013 Public Housing data results which showed that the Resale Price Index (RPI) rose slightly by 0.5% from 205.5 in 1st Quarter 2013 to 206.6 in 2nd Quarter 2013. This is lower than the 1.3% growth in the previous quarter and the lowest quarterly growth since 1st Quarter 2009.

Resale transactions increased by 21% from 4,335 cases in 1st Quarter 2013 to 5,235 cases in 2nd Quarter 2013.

The median resale prices and Cash-Over-Valuation (COV) amounts in the various towns.

Subletting transactions rose 6% from 7,410 cases in 1st Quarter 2013 to 7,891 cases in 2nd Quarter 2013. The total number of HDB flats approved for subletting rose 1.0% from 44,274 units in 1st Quarter 2013 to 44,706 units in 2nd Quarter 2013.

In the first half of 2013, HDB offered 12,144 new flats under its Build-To-Order (BTO) exercises and another 3,100 flats under a Sale of Balance Flats exercise. The HDB is on track to launch 25,000 BTO flats for the whole of 2013.

In Jul 2013, HDB will offer about 3,800 BTO flats in Bukit Merah, Sengkang, and Yishun. More information on the flats is available on the HDB InfoWEB. Starting from the Jul 2013 BTO exercise, eligible single Singapore citizens will have an additional housing option of buying a 2-room new flat in the non-mature estates.

Also Read

Million-dollar resale flat transactions rise 11% MoM in April

HDB resale prices up 6.0% YoY in April

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