HDB resale flat prices dip for first time since 2009

HDB resale flat prices dip for the first time since 2009. (Yahoo photo)

Resale flat prices have dipped for the first time since the first quarter of 2009, according to the third quarter flash estimate by the Housing and Development Board (HDB).
The Resale Price Index (RPI) for the previous quarter is 205.1, a decline of 0.7 per cent over the second quarter.
HDB will release the RPI for the full quarter (Q3) and more detailed public housing data on 25 October.
HDB also said that it is on track to launch 25,000 Build-To-Order (BTO) flats this year.
To-date, HDB has offered 20,161 flats under the BTO exercises and 4,455 balance flats.
Next month, HDB will offer about 4,950 BTO flats in Bukit Batok, Hougang, Jurong West, Sembawang and Woodlands.
An additional supply of about 3,000 flats will be offered in a Sale of Balance Flats exercise.

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