HDB resale prices dipped 1.5% in 2017

HDB will offer about 3,600 flats by February 2018.

The Housing and Development Board's (HDB) flash Resale Price Index (RPI) hit 132.6 in Q4, lower 1.5% YoY and 0.2% MoM.

According to a press release, HDB will launch about 17,000 new flats for sale this year. For the first Build-To-Order (BTO) exercise to be launched in February 2018, HDB will offer about 3,600 flats in Choa Chu Kang, Geylang, Tampines and Woodlands.

The RPI provides information on the general price movements in the resale public housing market.

The RPI for the full quarter, together with more detailed public housing data, will be released on 26 January 2018.

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