HDB Resale and Rental Market Update 2nd Quarter 2012

HDB has just released housing data for the HDB resale and rental market in the 2nd Quarter of 2012.

HDB Resale Market

HDB’s Resale Price Index (RPI) rose from 191.6 in 1st Quarter 2012 to 194.0 in the 2nd Quarter 2012, representing an increase of 1.3% over the previous quarter

Resale transactions increased by about 19% from 5,900 cases in 1st Quarter 2012 to 7,000 cases in 2nd Quarter 2012.

Upcoming Sales Launches

HDB has offered 12,700 flats under its Build-To-Order (BTO) exercises and another 3,800 flats under a Sale of Balance Flats exercise in 1st half 2012.

In July 2012, HDB will offer 4,200 new flats in seven projects, spread over five towns/estates: Bukit Merah, Choa Chu Kang, Clementi, Geylang, and Punggol. A project in Bedok originally planned for launch in Jul 2012 has been postponed to finalize the design for launch. This site will be launched later this year. HDB remains on track to launch 25,000 flats this year. Information on the coming July 2012 BTO exercise is available on the HDB InfoWEB.

HDB Rental Market

Subletting transactions rose by about 3% from 6,700 cases in 1st Quarter 2012 to 6,900 cases in 2nd Quarter 2012. The total number of HDB flats approved for subletting rose to 41,800 units in 2nd Quarter 2012, compared to 41,200 units in 1st Quarter 2012.

Source: HDB Website

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