03 Oct '11, 1am

HDB resale prices up while pte property moderates

HDB resale prices up while pte property moderates

Singapore: Flash estimates on property prices show that buyers are willing to pay more for HDB resale flats while those purchasing private property are showing caution. HDB's flash estimate of the 3rd Quarter 2011 Resale Price Index (RPI) climbed 3.8 per cent in the third quarter compared to the 3.1 per cent rise seen in the second quarter. In the first three months of the year, the rise was 1.6 per cent. The rise comes as the Housing & Development Board ramps up the supply of new flats. Between January and September, the HDB has offered about 23,800 new flats for sale, with the latest being in September with a bumper supply of 8,262 flats being offered under the Built-to-Order (BTO) and Sale of Balance Flat exercises. Next month,another 4,200 BTO flats will go up for sale in various towns, such as Bedok, Bukit Panjang, Hougang, Punggol and Yishun. The HDB says it's on tra...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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