HDB resale prices down 1% in Q1

Based on flash estimates.

HDB resale prices registered a 1% quarter-on-quarter decline in the first quarter, according to flash estimates released today by the Housing and Development Board.

The flash estimate for the index stood at 135.6 in Q1, down from 137.0 in the fourth quarter.

HDB added that it will offer about 4,040 Build-to-Order (BTO) in Celementi, Punggol North, Sembawang and Tampines in May. Meanwhile, about 5,000 flats will be offered in a concurrent Sale of Balance Flats exercise.

Full details of the resale price index will be released on April 24.

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