HDB resale prices down 0.6% in Q1

Prices of HDB resale flats fell slightly in the first three months of 2017.

Resale prices of HDB flats dipped 0.6 percent during the first quarter of 2017, revealed flash estimates from the Housing and Development Board (HDB) on Monday, 3 April.

Its Resale Price Index (RPI), which provides information on the general price movements in the resale public housing market, dipped to 133.8 in Q1 2017 from 134.6 in Q4 2016 and 134.7 during the same period last year. This is from a base of 100 in Q1 2009.

The data for the first quarter of the year is preliminary and more detailed statistics will be released on 28 April, said the Housing Board.

Meanwhile, around 4,600 Build-To-Order (BTO) flats and 3,000 balance units will be launched in the next sales exercise in May.

Price Index of HDB resale flats Q1 2017

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg