HDB resale prices and transactions down in Q1

SINGAPORE – HDB resale transactions fell by 10.9 per cent in the first quarter of 2016, and resale prices fell 0.1 per cent in the same period, the Housing and Development Board (HDB) said on Friday.

Resale transactions fell from 4,992 in the fourth quarter of 2015 to 4,449 in the first quarter of 2016, while the Resale Price Index (RPI) dropped 0.1 per cent, from 134.8 in Q4 2015 to 134.7 in Q1 2016.  Upcoming new launch condo include The Tapestry , The JovellPark ColonialThe OpusJui Residences,  Parc BotanniaThe Jovell, Rezi 35, Carpmael Thirty Eight , Fivenine, Sixteen35 Residences and Kandis Residence , Sengkang Central condo while existing ones include Kingsford Waterbay, Seaside Residences and Grandeur Park Residences.

The number of applications approved for subletting of HDB flats rose by 5.8 per cent, from 10,618 in Q4 2015 to 11,239 in Q1 2016, the HDB said in a release.

As at March 31, a total of 51,052 HDB flats were sublet, a rise of 1.6 per cent over the previous quarter of 50,264 sublet units.

HDB offered 4,170 flats for sale under the February 2016 Build-To-Order (BTO) exercise. In the upcoming May 2016 sales exercise, it will offer about 4,000 BTO flats and about 5,000 balance flats.