HDB resale prices up 0.1% in last quarter of 2015

HDB resale prices up 0.1% in last quarter of 2015

SINGAPORE - The resale price index (RPI) for public flats saw a slight increase of 0.1 per cent in the final quarter of last year (2015), according to data released by Housing and Development Board (HDB) on Friday (Jan 22).

However, the RPI for the whole of 2015 fell 1.6 per cent.

The RPI is an index that provides information on general price movements in the resale public housing market.

In the fourth quarter of 2015, the RPI rose from 134.6 in the previous quarter to 134.8. It was the first increase after nine consecutive quarters of declines.

Resale transactions increased by 2 per cent with 4,992 cases in the fourth quarter, compared to 4,893 cases in the third quarter of the year.

According to HDB, the number of resale transactions over the whole of 2015 was 19,306, 11.5 per cent more than 2014.

In the rental market, the number of applications approved for the subletting of HDB flats rose by 6 per cent from 10,018 cases in the third quarter to 10,618 cases in the fourth quarter of the year.

As of Dec 31, 2015, a total of 50,264 HDB flats were being rented, 0.9 per cent more than the 49,796 units being sublet in the third quarter.


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