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Resale prices of Singapore's public housing units fall 1.5 pct in 2015

Xinhua, January 4, 2016 Adjust font size:

Resale prices of Singapore's public housing units built by the Housing and Development Board (HDB) fell 1.5 percent in 2015, the HDB said in its flash estimates released on Monday.

HDB resale prices in the fourth quarter of 2015 edged up for the first time since the third quarter of 2013, with the Resale Price Index, which provides information on the general price movements in the resale public housing market, coming in at 134.9 in the fourth quarter, up 0.2 percent from the previous quarter.

The HDB plans to launch about 18,000 flats in 2016, an increase of about 3,000 units from 15,100 units in 2015, to meet the expected demand because of the recent policy changes.

The first build-to-order exercise will be held in February.

About 80 percent of the resident population in Singapore live in high-rise flats built by the HDB and sold to local households under the basic principle of one unit per household. Enditem