RESIDENTIAL PROPERTY | Staff Reporter, Singapore

HDB resale prices inched up by 0.1% in Q2

The number of transactions jumped by 33.3% to 5,941 cases.

Singapore’s resale price index (RPI) for HDB flats in the second quarter of 2018 inched up by 0.1% to 131.7 from 131.6 in Q2. Flash data revealed that resale transactions rose by 33.3%, from 4,458 cases in Q1 to 5,941 cases in Q2.

The number of approved applications to rent out HDB flats rose by 2.6% from 11,721 cases to 12,024 cases. Compared to last year, the number of approved applications to rent out HDB flats in this year was 10% higher.

As at 30 June 2018, there were 54,896 HDB flats rented out, an increase of 1% over 31 March 2018 (54,329 units).

HDB had offered 11,373 flats, comprising 7,634 Build-to-Order (BTO) flats and 3,739 balance flats. In Aug 2018, HDB will offer another 4,300 BTO flats in Punggol and Yishun.

A concurrent Re-Offer of Balance Flats exercise will also be held.

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