HDB resale prices see 0.2% decline in 4Q2018

By
/ EdgeProp
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January 25, 2019 12:40 PM SGT
HDB’s Resale Price Index experienced a 0.2% decrease q-o-q, from 131.6 points in the third quarter of 2018 to 131.4 points last quarter. For the whole of 2018, the index decreased by 0.9%.
The number of resale HDB transactions fell 20.2% q-o-q to 5,637 last quarter, from 7,063 transactions in 3Q2018. Compared to the same period a year ago, resale transactions in 4Q2018 were 1.8% lower.
But for the whole of 2018, the number of resale transactions increased by 4.6% to 23,099, from 22,077 in 2017.
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Approved applications to rent out HDB flats rose by 2.3% last quarter to 11,479, from 11,216 in 3Q2018. The number of approved applications in 4Q2018 was 1.8% higher y-o-y. There were 56,742 HDB flats rented out as at Dec 31, 2018, which is a 1.2% q-o-q increase.
For this year, HDB says it will release about 15,000 new flats for sale. The first Build-To-Order (BTO) exercise this year will launch next month, and will offer 3,100 flats in Jurong West, Kallang/Whampoa, and Sengkang. There will also be a concurrent Re-Offer of Balance Flats exercise.