HDB resale transactions drop to all-time low, latest figures show

SINGAPORE - HDB figures show there were only 4,335 transactions in the first quarter of this year.

Get the full story from The Straits Times.

Here is the press release from HDB:

HDB Resale Market

The Resale Price Index (RPI) rose 1.3 per cent from 202.9 in 4th Quarter 2012 to 205.5 in 1st Quarter 2013. This is lower than the 2.5 per cent growth in the previous quarter.

Resale transactions fell 23 per cent from 5,631 cases in 4th Quarter 2012 to 4,335 cases in 1st Quarter 2013.

[[{"fid":"781230","view_mode":"media_original","type":"media","attributes":{"height":548,"width":574,"border":"0","class":"media-element file-media-original"}}]]

[[{"fid":"781231","view_mode":"media_original","type":"media","attributes":{"height":651,"width":621,"border":"0","class":"media-element file-media-original"}}]]

HDB Rental Market

Subletting transactions rose 15 per cent from 6,443 cases in 4th Quarter 2012 to 7,410 cases in 1st Quarter 2013.

The total number of HDB flats approved for subletting rose 1.8 per cent from 43,508 units in 4th Quarter 2012 to 44,274 units in 1st Quarter 2013.

[[{"fid":"781232","view_mode":"media_original","type":"media","attributes":{"height":664,"width":673,"border":"0","class":"media-element file-media-original"}}]]

Upcoming Supply

HDB will launch 25,000 Build-To-Order (BTO) flats in 2013, out of which 7,244 units have already been launched in 1st Quarter 2013.

In the upcoming May 2013 BTO exercise, HDB will offer 4,850 BTO flats for sale in Choa Chu Kang, Hougang, Jurong West, Sembawang, and Woodlands. An additional 3,000 flats will be offered in a concurrent Sale of Balance Flats exercise. The details will be available on the HDB InfoWEB when HDB launches the sales exercises.