HDB resale price index up 1.3% in Q2 2012

HDB resale price index up 1.3% in Q2 2012

The Housing Development Board's (HDB) Resale Price Index (RPI) rose 1.3 per cent from 191.6 in the first quarter to 194 in the second quarter.

HDB said in a media statement on Friday that resale transactions increased by about 19 per cent from 5,900 cases in the first quarter to 7,000 cases in the second quarter.

It has offered 12,700 flats under its Build-To-Order (BTO) exercises and another 3,800 flats under a Sale of Balance Flats exercise in the first half of this year.

Another 4,200 new flats in seven projects will be offered this month.

The projects are spread over five towns/estates: Bukit Merah, Choa Chu Kang, Clementi, Geylang, and Punggol.

A project in Bedok originally planned for launch in Jul 2012 has been postponed to finalise the design for launch.

It will be launched later this year.

HDB remains on track to launch 25,000 flats this year. More information on the coming July 2012 BTO exercise can be found on the HDB website.

Subletting transactions rose by about 3 per cent from 6,700 cases in the first quarter to 6,900 cases in the second quarter 2012.

The total number of HDB flats approved for subletting rose to 41,800 units in the second quarter 2012, compared to 41,200 units in the first quarter

paullim@sph.com.sg

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