HDB resale prices unchanged in Q1 after 2 quarters of increase

Singapore last week announced a recordto prop up the economy amid the COVID-19 outbreak, amid the threat of a looming recession.

Together with the S$6.4 billion announced in Budget 2020, Singapore will earmark close to S$55 billion, or about 11 per cent of its gross domestic product , for its fight against the pandemic. Ms Sun noted that"a silver lining in the COVID-19 cloud" lies in the massive stimulus packages injected by many countries to cushion the impending economic shockwaves.

"The hefty stimulus package unveiled by the government last week to keep unemployment low and the economy running will certainly help to sustain housing demand and ensure prices of flats remain stable in the coming months," she said.The HDB said on Wednesday that it will offer about 3,700 Build-To-Order flats in Choa Chu Kang, Pasir Ris, Tampines and Tengah in May.

In August, HDB will offer about 4,100 BTO flats in Ang Mo Kio, Bishan, Geylang, Tampines and Woodlands.HDB's final resale price index for the full quarter will be released alongside more detailed housing data on Apr 24.

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