HDB flat resale prices drop 1.3 per cent in Q4 2013
SINGAPORE — Prices of resale HDB flats fell 1.3 per cent — its sharpest drop since 2005 — in the fourth quarter of last year, according to flash estimates released by the Housing and Development Board (HDB) today (Jan 2).
A HDB estate on Aug 3, 2011. TODAY file photo
SINGAPORE — Prices of resale HDB flats fell 1.3 per cent — its sharpest drop since 2005 — in the fourth quarter of last year, according to flash estimates released by the Housing and Development Board (HDB) today (Jan 2).
Last year’s fourth quarter Resale Price Index (RPI) is 202.1, according to HDB in an update released this morning. It is the second consecutive drop for the index, which provides information on the general price movements in the resale public housing market.
The fall in resale prices follows a series of cooling measures in the public housing market and the release of 22,600 HDB units in 2013.
On Monday, the HDB announced that it will reduce the supply of new three-room and larger flats by 18 per cent from 22,600 units in 2013 to 18,600 units in view of stabilising demand from families. They also announced that the number of two-room BTO flats in non-mature estates will be increased from 2,600 units last year to 5,000 units this year to meet the demand from singles.
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