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Resale prices of Singapore's public housing units fall 1 pct in Q1

Xinhua, April 1, 2016 Adjust font size:

Resale prices of Singapore's public housing units built by the Housing and Development Board (HDB) fell 1 percent in the first quarter of 2016, the HDB said in its flash estimates released on Friday.

The Resale Price Index, which provides information on the general price movements in the resale public housing market, came in at 134.6 in the first quarter, down from 134.8 from the previous quarter.

The HDB plans to launch about 4,000 build-to-order flats and about 5,000 balance flats in May.

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