28 Oct '11, 2am

Prices of resale HDB flats increased by 3.8% in the last three months

Prices of resale HDB flats increased by 3.8% in the last three months

The HDB's resale price index (RPI) rose from 180.3 in the second quarter of this year to 187.2 in the third quarter. -- ST PHOTO: JOYCE FANG By Esther Teo Prices of resale HDB flats increased by 3.8 per cent in the last three months, unchanged from flash estimates released earlier. Resale transactions also fell by 10 per cent to 5,903 units changing hands. Over on the private housing front, prices inched up 1.3 per cent in the same period - also similar to earlier flash estimates - moderating for the eighth consecutive quarter. City centre homes posted a muted price increase of 0.7 per cent, city fringe prices rose 1.2 per cent while suburban home prices gained 2.1 per cent. Short term speculative activity, measured by subsales, has also slowed further to 6.6 per cent compared to 8.3 per cent in the previous quarter. Dr Chua Yang Liang, head of research at Jones Lang LaSal...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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