The HDB Resale Price Index for the quarter was 135.0, down from 135.6 in the previous quarter – the eighth straight quarter of decline.
SINGAPORE: Prices of Housing and Development Board (HDB) resale flats continued their downward slide in the second quarter of 2015, with the Resale Price Index (RPI) showing a 0.4 per cent decline from the previous quarter, HDB announced on Friday (Jul 24).
The RPI for the quarter was 135.0, down from 135.6 in the previous quarter, HDB said. This is the eighth consecutive quarter of decline.
The number of resale transactions rose by 27.8 per cent quarter-on-quarter, from 4,135 cases to 5,286 cases. Four-room flats saw the highest number of resale applications, with 2,120 applicants, followed by three-room flats with 1,518.
The number of subletting transactions rose by 1.2 per cent, from 10,385 cases in the first quarter to 10,510 cases in the second quarter. As of Jun 30, the total number of HDB flats approved for subletting rose by 2.4 per cent from 48,338 to 49,480 units.
A total of 13,426 flats were offered for sale in the first half of 2015, comprising 8,039 Build-To-Order (BTO) flats and 5,387 balance flats, HDB said. Another 4,860 flats in Bidadari and Punggol Northshore will be launched in September, and an additional 4,000 flats will be offered in a concurrent Sale of Balance Flats exercise.
BUKIT MERAH TOPS 5-ROOM RESALE PRICES
Among estates with more than 20 resale transactions in Q2, Bukit Merah came in tops, with median 5-room flat prices at S$783,500. For 4-room flats, the median price in the Central region was the highest for 4-room flats at S$855,000. Tampines had the most expensive median resale price for executive flats at S$688,900, and Queenstown had the highest median resale price for 3-room flats at S$380,000.
CENTRAL COMMANDS HIGHEST MEDIAN SUBLET RENT
In towns with 20 or more subletting transactions, median subletting rents in Central were the highest for the 3-room, 4-room and 5-room categories at S$2,300, S$3,000 and S$3,500 respectively. For executive flats, Serangoon had the highest median subletting rent at S$2,900.
- CNA/cy
Source: ChannelNewsAsia
http://www.channelnewsasia.com/news/singapore/hdb-resale-prices/2004758.html#