27 Jan '12, 6am

HDB resale flat prices up 1.7% in Q4 2011

The Housing Board's Resale Price Index (RPI) rose to 190.4 in the fourth quarter, an increase of 1.7 per cent over the previous quarter, the same as the flash estimate released on Jan 3. -- ST PHOTO: STEVEN LEE CT Housing Board flat prices rose 1.7 per cent in the fourth quarter over the previous quarter. For the year, prices rose 10.7 per cent. Resale transactions increased 0.3 per cent to 5,921 cases in the fourth quarter. However, for the year, resale transactions declined 24 per cent to 24,633 compared with 2010, indicating that owners may be unwilling to sell. The Housing Board said that there will be around 25,000 BTO flats offered for the year. In March, 4,110 flats in Bedok, Bukit Batok, Bukit Panjang, Bukit Timah, Clementi, Geylang and Toa Payoh will be offered for sale. Cash-over-valuation for executive flats ranged from $25,000 in Sembawang to $55,000 in Yishun ...

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

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