HDB resale prices up 2.5% in Q4 2012

HDB resale prices up 2.5% in Q4 2012

The Board added that it will now target to launch at least 23,000 Build-to-Order (BTO) flats in 2013 in various towns.

Read the full statement below:

HDB's flash estimate of the 4th Quarter 2012 Resale Price Index (RPI) is 202.9, a 2.5 per cent increase over the third quarter of 2012.

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

The RPI for the full quarter and more detailed public housing data for 4th Quarter 2012 will be released on Jan 25.

Upcoming new flat supply

In 2012, HDB offered a record number of 34,237 new flats comprising 27,084 new flats under the Build-To-Order (BTO) system and 7,153 balance flats under the Sales of Balance Flats Exercise.

HDB had earlier announced that at least 20,000 BTO flats are planned for 2013.

HDB is finalising its building plans for 2013 and will now target to launch at least 23,000 BTO flats. These projects will have a good geographical spread in various towns/estates.

The first batch of 3,346 BTO flats in Choa Chu Kang, Yishun, Hougang, Tampines, Kallang Whampoa, and Ang Mo Kio will be offered for sale later this month.

More details will be given at the launch of the BTO exercise.

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