HDB resale flat prices up 0.2 per cent in Q4 2015

HDB resale flat prices up 0.2 per cent in Q4 2015

SINGAPORE - Prices of resale Housing and Development Board (HDB) flats increased slightly in the final quarter of 2015.

According to a HDB's flash estimates released on Monday (Jan 4), the resale price index (RPI) in the fourth quarter of last year was 134.9, up 0.2 per cent from the previous quarter.

It is the first increase after nine straight quarters of declines.

The RPI provides information on the general price movements in the resale public housing market.

However, over the whole of 2015 resale flat prices fell by 1.5 per cent.

In 2016, about 18,000 public flats are expected to be launched, which is about 3,000 more from the 15,100 units in 2015.

HDB added that the first Build-To-Order exercise will be held in February this year, offering more than 4,100 flats in Bidadari, Bukit Batok and Sengkang.

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