Monday, April 02, 2012

HDB resale prices increase while private homes prices decline in Q1

SINGAPORE: Resale prices of HDB flats rose in the first quarter of 2012 while the prices of private homes fell for the first time since 2009.

HDB flash estimates showed an increase of 0.6 per cent, the smallest rise in resale prices since Q3 2006. The increase was also lower than the 1.7 per cent increase registered in the fourth quarter of 2011.

The HDB will release the resale price index for the full quarter will be released on 27 April.

HDB says it is committed to offer 25,000 new flats under the Build-To-Order scheme this year and will put on sale 4,640 new flats next month in Choa Chu Kang, Kallang/Whampoa, Punggol and Sengkang.

Separately, a flash estimate by the Urban Redevelopment Authority (URA) showed that the price index for private homes retreated 0.1 per cent in the first quarter this year, compared to a 0.2 per cent increase in Q4 2011.

Prices of non-landed private residential homes fell by 0.9 per cent in the core central region and 0.7 per cent in rest of central region during the quarter.

However, prices outside the central region increased by 1.2 per cent, compared to the 0.6 per cent increase in the previous quarter.

View the original article here

Source From Channel News Asia

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