HDB resale price index drops 1% in Q1 2015

The resale price index for HDB flats fell by 1.0 per cent in the first quarter of 2015 from the previous quarter, based on a flash estimate released by the Housing Board on Wednesday. -- ST PHOTO: KUA CHEE SIONG 
The resale price index for HDB flats fell by 1.0 per cent in the first quarter of 2015 from the previous quarter, based on a flash estimate released by the Housing Board on Wednesday. -- ST PHOTO: KUA CHEE SIONG 

SINGAPORE - The resale price index (RPI) for HDB flats fell by 1.0 per cent in the first quarter of 2015 from the previous quarter, based on a flash estimate released by the Housing Board on Wednesday.

The RPI, which provides information on the general price movements in the resale public housing market, is 135.6.

The RPI for the full quarter and more detailed public housing data for the first quarter of 2015 will be released on April 24.

HDB also announced that it will offer about 4,040 Build-To-Order (BTO) flats in Clementi, Punggol North, Sembawang and Tampines in May. About 5,000 flats will be offered in a concurrent Sale of Balance Flats exercise.