Friday, July 27, 2012

HDB resale prices up 1.3%

The HDB Resale Price Index (RPI) for Q2 2012 rose 1.3 percent to 194.0 from 191.6 in the first quarter, according to latest data released by the Housing and Development Board (HDB).

The HDB noted that the latest figure matches their flash estimate released on 2 July.

At the same time, resale transactions rose some 19 percent to 7,000 deals in Q2 from Q1’s 5,900.

In total, HDB delivered 12,700 flats under its Build-To-Order (BTO) exercise and 3,800 units under its Sale of Balance Flats (SBF) during the first half of the year.

For the month of July, the housing board is expected to provide 4,200 new flats across seven projects in five towns/estates, namely Choa Chu Kang, Bukit Merah, Geylang, Punggol and Clementi.

However, a housing development in Bedok initially scheduled to launch this month has been postponed to finalise its design and will be unveiled later this year.

Nevertheless, HDB still plans to launch 25,000 flats for the whole of 2012.

Meanwhile, subletting deals increased by three percent from 6,700 cases in Q1 to 6,900 in Q2. A total of 41,800 flats were approved for subletting during the period, up from 41,200 in the previous quarter.

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