HDB resale prices up by 6.5% in Q3: HDB’s flash estimate
Public housing resale prices went up by 6.5 percent in the third quarter of this year, compared to the previous three months.
According to HDB’s flash estimate, the Resale Price Index (RPI) stood at 115.0 in the third quarter, an increase of 6.5 percent over the second quarter.
The RPI for the full quarter and more detailed public housing data will be released at the end of October.
The HDB said that in tandem with the improved market conditions, it has observed good response for new flats offered under its recent sales exercises.
To meet demand from households, it plans to offer about 4,500 units under the Build-to-Order (BTO) system over the next six months.
It also plans to release three new sites under the Design Build and Sell Scheme (DBSS) with a combined yield of about 1,500 units in central and eastern Singapore over the same period.
The board said the plans are subject to market demand, and the details of the BTO and DBSS sites will be released when they are ready for launch. - CNA/ch
Source : Channel NewsAsia - 01 Oct 2007
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