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Resale prices of Singapore's public housing flats fall 0.4 pct in Q2 2015

Xinhua, July 1, 2015 Adjust font size:

Resale prices for public housing flats built by Singapore's Housing and Development Board (HDB) fell 0.4 percent in the second quarter of 2015 compared with the previous one, according to a flash estimate released by HDB on 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 135.0 from 135.6 in the first quarter of 2015, said HDB.

HDB said a total of 8,039 flats were offered for sale in two Build-to-Order (BTO) exercises and 5,387 flats in a Sale of Balance Flats (SBF) exercise in the first half of 2015.

With the stabilizing HDB resale market, BTO supply will be further reduced to 15,000 flats this year, said the authority. This will be augmented with more than 9,000 balance flats offered under SBF exercises.

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