HDB resale prices down in 2016

HDB resale prices down in 2016

HDB resale prices have dropped by 0.1% throughout 2016. The Resale Price Index (RPI) has produced flash estimates for the flat resale prices. More data will be available on January 26, when the details Q4 details are released.

So far, the estimate is that Q4 of 2016 saw a 0.1% price drop from Q3. Despite this, the planned 17,000 new flats for 2017 are still going ahead. The HDB says that February will see the first 4,100 Build-To-Order flats in Woodlands, Punggol, Clementi, and Tampines. Others will follow after this.

The drop in Q4 follows the HDB resale prices staying the same in both Q3 and Q2. Q1 saw a 0.1% drop from the 0.1% rise in 2015, evening out the drop to just 0.1% throughout the whole of 2016 based on 2015.

The Housing Board provides information each quarter about the resale prices to help property investors make their buying and selling decisions.

January 9, 2017 / by / in
Comments

Comments are closed here.