HDB resale prices grew 1.3% in Q2 2012, reversing two quarters of slow price growth

HDB's flash estimates showed that resale prices rose by 1.3 per cent in the second quarter of this year, reversing a trend of slow price growth in the previous two quarters.

HDB resale prices have been softening since the second half of last year.

Prices grew 3.8% in the third quarter of 2011.

This growth moderated further to 1.7% in the last quarter of last year, and fell to 0.6% in the first quarter of 2012 - the smallest increase since the third quarter of 2006.

HDB says it is committed to offer 25,000 new flats under its Build-To-Order, or BTO scheme this year.

In the first half of this year, HDB had offered 12,703 flats under BTO exercises, and 3,825 flats under a Sale of Balance Flats exercise.

For this month, HDB will be offering about 5,200 new flats for sale -in Bedok, Bukit Merah, Choa Chu Kang, Clementi, Geylang, and Punggol.