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Resale prices for Singapore's public housing units up 0.1 pct in Q2: HDB's flash estimates

Xinhua, July 1, 2016 Adjust font size:

Resale prices of Singapore's public housing units built by Housing and Development Board (HDB) rose 0.1 percent in the second quarter of 2016 compared to the previous one, according to flash estimates released by HDB on Friday.

HDB said that the Resale Price Index (RPI) in the second quarter is 134.8, an increase of 0.1 percent over the first quarter this year. The RPI provides information on the general price movements in the resale public housing market.

The authority plans to launch about 5,000 Build-To-Order(BTO) flats in August in Hougang, Sembawang, Tampines and Yishun.

About 80 percent of the resident population in Singapore live in units built by HDB and sold to eligible households. Enditem