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HDB Resale Price Index rose 2.5 per cent in 4th quarter last year

Published on Jan 25, 2013 9:32 AM
 
A person walking up the steps toward Block 154 Mei Ling Street. HDB's Resale Price Index saw a 2.5 per cent increase in the fourth quarter of last year over the third quarter. -- ST PHOTO: NEO XIAOBIN

HDB's Resale Price Index saw a 2.5 per cent increase in the fourth quarter of last year over the third quarter.

Queenstown and Bukit Merah had the highest median resale prices for a three-room flat at $388,000; Bukit Merah also fetched the highest median price for a five-roomer at $765,000.

But resale transactions were down by about 14 per cent in the last quarter, from 6,560 to 5,631.

The board released these numbers on Friday, which also showed that there were 25,094 resale flats transacted the whole of last year, a 2 per cent increase over 2011.

 
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