HDB resale price index up by 0.1% in fourth quarter of 2015

Resale Price Index for the fourth quarter of last year (2015) was 134.8, up by 0.1 per cent from the previous quarter.
Resale Price Index for the fourth quarter of last year (2015) was 134.8, up by 0.1 per cent from the previous quarter. ST PHOTO: KEVIN LIM

SINGAPORE - The Resale Price Index (RPI) for the fourth quarter of last year (2015) was 134.8, up by 0.1 per cent from the previous quarter, data released by the Housing Board on Friday showed.

The RPI, which provides information on the general price movements in the resale public housing market, for the full year of 2015 registered a decline of 1.6 per cent.

Resale transactions increased by 2 per cent, from 4,893 cases in the third quarter to 4,992 cases in the fourth quarter last year.

 
 

The number of resale transactions for the entire 2015 was 19,306, an increase of 11.5 per cent compared to 2014.

The number of applications approved for subletting of HDB flats increased by 6 per cent from 10,018 cases in the third quarter to 10,618 cases in the fourth quarter last year.

As of Dec 31 last year, 50,264 HDB flats were sublet, an increase of 0.9 per cent over the third quarter in 2015.

This year, HDB plans to offer about 18,000 Build-To-Order (BTO) flats across four exercises. These flats will be spread across various locations.

The first BTO exercise will be held in February where about 4,150 flats in Bidadari, Bukit Batok and Sengkang will be offered.