View of HDB flats in the western region of Singapore.
Resale prices of HDB flats dipped by 0.1 percent in the fourth quarter of 2016, according to more complete data published by the Housing Board.
For the whole of 2016, the Resale Price Index slipped by 0.1 percent.
On the other hand, resale transactions fell by 9.1 percent to 5,012 cases in Q4 2016 from 5,514 cases in the previous quarter. On an annual basis, resale transactions rose by 7.8 percent to 20,813 cases last year from 19,306 cases in 2015.
The HDB revealed that it approved 10,678 applications for subletting of flats in Q4 2016, down by one percent from the 10,789 applications approved during the previous three-month period.
The number of HDB flats sublet rose by one percent to 52,941 units as at 31 December 2016 from 52,394 units in the quarter before.
Looking ahead, the HDB revealed that it will offer around 17,000 new flats for sale in this year’s Build-To-Order (BTO) exercises.
In fact, about 4,100 flats in Punggol, Clementi, Tampines and Woodlands will be offered in the first BTO exercise in February 2017, it said.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
