HDB resale transactions up nearly 30% in Q2 as prices dip slightly

The resale price index - which provides information on the general price movements in the resale public housing market - fell from 131.0 to 130.8.Resale prices for HDB flats have been on the decline in the last three quarters. Prices declined by 0.1 per cent in the third quarter and 0.2 per cent in the fourth quarter of 2018.

For its next sales exercise in August, HDB will offer about 3,300 Build-to-Order flats in Punggol and Tampines. Another 4,500 BTO flats in Ang Mo Kio, Tampines and Tengah will be launched in November. There will also be a concurrent Re-Offer of Balance Flats exercise and Sale of Balance Flats exercise in August and November respectively.The number of rental transactions for HDB flats rose by 4.8 per cent from 11,775 in the first three months of the year to 12,335 in the second quarter.As of Jun 30, there were 58,528 HDB flats rented out, an increase of 1.3 per cent from the previous quarter.

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