Continued stabilisation of the public housing market

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Continued stabilisation of the public housing market

Post by ECS » Wed Nov 02, 2016 2:57 pm

HDB resale prices were unchanged in the third quarter compared to the second quarter, based on flash estimates from the Housing & Development Board.

This is the second straight quarter that HDB resale prices have stayed flat, in what is seen as a sign of continued stabilisation of the public housing market. Recent EC launches include Treasure Crest and Northwave EC while existing ones include The Terrace EC, Brownstone EC, The Vales EC, Parc Life EC , Sol Acres EC, The Visionaire EC, Bellewoods EC, Signature at Yishun, The Criterion EC, Waterwoods EC, Skypark Residences, Wandervale EC, The Amore EC, Bellewaters EC.

The HDB resale price index is still 9.8 per cent below the peak in the second quarter of 2013.

HDB said it will offer about 5,090 new flats in Bedok, Bidadari, Kallang/Whampoa and Punggol in a build-to-order (BTO) exercise next month.

About 5,000 balance flats will also be offered in a concurrent Sale of Balance Flats exercise.

More detailed public housing data for the third quarter will be released on Oct 28, when HDB will also announce the revised resale price index.

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