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Singapore's public housing flat resale price drops 1.0 pct in Q1 2015

Xinhua, April 1, 2015 Adjust font size:

The resale price for public housing flats built by Singapore's Housing and Development Board ( HDB) fell 1.0 percent in the first quarter of 2015 over the previous quarter, according to a flash estimate released by HDB Wednesday.

The resale price index (RPI) for public housing flats, which provides information on the general price movements of the public residential market, slipped to 135.6 in the first quarter, down from 137.0 in the previous quarter, said HDB.

The RPI for the full quarter and more detailed public housing data for the first quarter of 2015 will be released on April 24.

HDB also announced that it will offer about 4,040 build-to- order flats and about 5,000 balance flats in May. Endi