princess_morbucks
01-04-14, 12:05
http://www.todayonline.com/singapore/hdb-resale-prices-fall-15-q1-2014
SINGAPORE — Cooling measures on the property market continued to weigh in, as the HDB’s flash estimate for the first quarter of the year showed a 1.5 per cent decline in the Resale Price Index (RPI) over the previous quarter.
This follows the 0.9 and 1.5 per cent declines in Q3 and Q4 two of last year respectively.
In a statement, HDB added that it will offer about 3,060 BTO flats in Bukit Batok and Woodlands in a May 2014, while an additional 3,000 flats will be offered in a concurrent Sale of Balance Flats exercise.
Last month, the National Development Ministry announced changes to the HDB resale process to reduce the focus on Cash-Over-Valuation (COV) during negotiations even as median COVs dropped to zero in the previous month, although National Development Minister Khaw Boon Wan noted that it was still premature to withdraw cooling measures.
SINGAPORE — Cooling measures on the property market continued to weigh in, as the HDB’s flash estimate for the first quarter of the year showed a 1.5 per cent decline in the Resale Price Index (RPI) over the previous quarter.
This follows the 0.9 and 1.5 per cent declines in Q3 and Q4 two of last year respectively.
In a statement, HDB added that it will offer about 3,060 BTO flats in Bukit Batok and Woodlands in a May 2014, while an additional 3,000 flats will be offered in a concurrent Sale of Balance Flats exercise.
Last month, the National Development Ministry announced changes to the HDB resale process to reduce the focus on Cash-Over-Valuation (COV) during negotiations even as median COVs dropped to zero in the previous month, although National Development Minister Khaw Boon Wan noted that it was still premature to withdraw cooling measures.