Wednesday, January 2, 2013

HDB resale prices up 2.5% on-quarter in Q4 2012

channelnewsasia
Posted: 02 January 2013 1003 hrs

SINGAPORE: Resale prices for HDB flats reached another record high in the 4th quarter of 2012. Flash estimates showed HDB's Resale Price Index rose by 2.5 per cent over the previous quarter.

The index provides information on the general price movements in the public residential market.

The index for the full quarter and more detailed public housing data for the 4th Quarter of last year will be released on January 25.

HDB also said it will now target to launch at least 23,000 BTO flats. These projects will have a good geographical spread in various towns and estates.

The first batch of 3,346 BTO flats in Choa Chu Kang, Yishun, Hougang, Tampines, Kallang Whampoa, and Ang Mo Kio will be offered for sale later this month.

HDB had earlier announced that at least 20,000 BTO flats are planned for 2013.


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