HDB resale prices fall by 0.6% in Q1 2017: Flash estimate

HDB flats seen around the Whampoa area on Dec 9, 2016.
HDB flats seen around the Whampoa area on Dec 9, 2016. PHOTO: ST FILE

SINGAPORE - Resale flat prices fell by 0.6 per cent in the first quarter of 2017, compared with the fourth quarter of last year.

This is according to the flash estimate of the latest Resale Price Index (RPI), which was released by the Housing & Development Board (HDB) on Monday (April 3).

The RPI, which provides information on the general price movements in the resale public housing market, was estimated at 133.8.

Last year saw public housing resale prices decline by 0.1 per cent.

The RPI for the full quarter, along with more detailed public housing data, will be released on April 28.

HDB added that next month's sales launch will include 4,600 Build-To-Order (BTO) flats in Bidadari, Geylang, Woodlands and Yishun, and about 3,000 balance flats .

It will be the second tranche of 17,000 flats to be launched in 2017, after a total of 4,056 flats were put up for sale in the first BTO exercise in February.