HDB resale prices see sharp increase in Q3

Prices of resale Housing Board (HDB) flats increased by 2 per cent in the third quarter of the year - the sharpest increase so far this year.

The figures, released on Monday, were in line with the flash estimates released earlier this month.

But resale transactions fell by about 6 per cent from 7,011 cases in the second quarter of the year to 6,560 cases in the third quarter.

The increase came even as the Government ramped up the supply of new units to rein in prices. The HDB will offer 27,000 BTO flats this year- 2,000 units more than the original 25,000 planned. This is the largest BTO supply in a year.