Resale prices of public housing fall first time in 2013 since 2005
SINGAPORE - The Housing & Development Board (HDB) announced on Friday that the resale price index (RPI) fell to 201.7 in the fourth quarter of 2013, down 1.5 per cent from 204.8 in the third quarter.
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Here is a press release from HDB:
HDB Resale Market
The Resale Price Index (RPI) fell by 1.5 per cent from 204.8 in 3rd Quarter 2013 to 201.7 in the 4th Quarter 2013. The RPI for the full year of 2013 registered a decline of 0.6 per cent, the first annual decline since 2005.
Resale transactions decreased by 12 per cent from 4,529 cases in 3rd Quarter 2013 to 4,001 cases in 4th Quarter 2013. The number of resale transactions for the full year of 2013 was 18,100, a decrease of 28 per cent over 2012.
HDB Rental Market
Subletting transactions fell by 3 per cent from 7,505 cases in 3rd Quarter 2013 to 7,268 cases in 4th Quarter 2013. The total number of HDB flats approved for subletting rose 1.6 per cent from 44,966 units in 3rd Quarter 2013 to 45,674 units in 4th Quarter 2013.
HDB will offer 24,300 BTO flats in 2014. The first batch of 3,139 BTO flats in Bukit Batok, Jurong West, Punggol, Serangoon and Woodlands were launched on 22 Jan 2014.
In the upcoming Mar 2014 BTO exercise, HDB will offer about 3,400 new flats in Sembawang, Sengkang and Yishun. The details will be available on the HDB InfoWEB when HDB launches the sales exercise.
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