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October 28, 2011, 8.48 am (Singapore time)
HDB resale prices up 3.8% in Q3
SINGAPORE - Prices of resale HDB flats in the third quarter climbed 3.8 per cent quarter on quarter, faster than the 3.1 per cent reported in the second quarter.
Fresh data from the HDB on Friday showed that its Resale Price Index (RPI) rose to 187.2 in the third quarter 2011 from 180.3 in second quarter 2011.
Resale transactions, however, fell by about 10 per cent to 5,903 cases in the quarter ended September from the second quarter.
The HDB said it will be launching next month 4,200 BTO flats for sale in various towns such as Bedok, Bukit Panjang, Hougang, Punggol and Yishun.
Including units sold under the Sale of Balance Flats (SBF) Exercise in Sep 2011, HDB’s total flat supply for 2011 would be 28,000 units.
For 2012, prospective flat buyers can look forward to another 25,000 BTO flats.