Updated: 04/27/2013 00:54

Resale Price Index for HDB flats rose 1.3% while resale transactions fell 23% in Q1 2013: HDB



Resale Price Index for HDB flats rose 1.3% while resale transactions fell 23% in Q1 2013: HDB

The Resale Price Index (RPI) for HDB flats rose 1.3 per cent from 202.9 in the fourth quarter of 2012 to 205.5 in the first quarter of 2013. 

According to data from the Housing & Development Board, resale transactions fell 23 per cent from 5,631 cases in the fourth quarter of 2012 to 4,335 cases in Q1 2013. 

As for the Rental market, HDB said subletting transactions rose 15 per cent from 6,443 cases in Q4 2012 to 7,410 cases in Q1 2013. 

The total number of HDB flats approved for subletting rose 1.8 per cent from 43,508 units in Q4 2012 to 44,274 units in Q1 2013. 

Bukit Merah town saw the highest median resale prices for 3-room and 5-room flat types. 

It was $398,000 for a 3-room flat, and $800,000 for a 5-room unit. 

A 4-room flat in Queenstown was sold at $679,000, the highest median resale price for that flat type. 

Toa Payoh town saw the highest median cash-over-valuation (COV) for 3-room and 5-room flat types. 

It was $32,000 for a 3-room unit and $75,000 for a 5-room flat. 

For a 4-room flat, the highest COV was $69,000 in Queenstown. 

As for median subletting rents, the highest for a 3-room flat is $2,450 in the Central area. 

Bukit Merah town saw the highest median subletting rent for a 4-room flat at $2,970 and $3,300 for a 5-room flat. 

Pasir Ris and Tampines towns registered the highest median subletting rent for executive flats at $2,900. 

Separately, HDB said 4,850 BTO flats will be on sale in the May 2013 BTO exercise. 

These BTO flats will be in Choa Chu Kang, Hougang, Jurong West, Sembawang, and Woodlands. 

An additional 3,000 flats will be offered in a concurrent Sale of Balance Flats exercise.

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