22 Jul '11, 7am

Prices of HDB resale flats increase by 3.1% in Q2

Prices of HDB resale flats increase by 3.1% in Q2

Prices of Housing Board (HDB) resale flats rose 3.1 per cent in the second quarter compared to the first, according to official figures released on Friday. -- ST PHOTO: NEO XIAOBIN PRICES of Housing Board (HDB) resale flats rose 3.1 per cent in the second quarter compared to the first, according to official figures released on Friday. This is almost double the rate of increase of 1.6 per cent seen in the first quarter - reversing a moderation of the rate of increase of prices seen in the last four quarters. Analysts say this is likely due to more owners taking their homes off the resale market due to recent rules which tightened ownership rules for HDB flats. HDB home owners could also be putting off upgrading plans as prices of homes in the private property market is at an all-time high. HDB's figures showed the number of resale flats that changed hands increased by about...

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

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