SINGAPORE - Prices rose for both private residential properties and resale HDB flats in the second quarter of this year compared to the first quarter.
The private residential property index rose from 206.0 points to 206.8 points, an increase of 0.4 per cent, according to flash estimates released by the Urban Redevelopment Authority (URA). The index dropped 0.1 per cent in the previous quarter.
Prices for resale HDB flats rose 1.3 per cent to 194.0 on the Resale Price Index (RPI) compared to a 0.6 per cent increase in the last quarter.
The RPI gives information on the general price movements in the public residential market.
Among private properties, prices of non-landed private residential properties in the core central region saw a bigger increase. It increased 0.6 per cent in the second quarter, reversing a 0.6 per cent decrease in the previous quarter.
Prices outside of the central region deccelerated to a 0.4 per cent increase compared to a 1.1 per cent increase in the previous quarter. There was no change in the prices in the rest of the central region.
URA's flash estimates are compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter.
The numbers will be updated four weeks later when URA releases its full second quarter 2012 real estate statistics. HDB will release the RPI for the full quarter, along with more detailed public housing data on July 27.
UPCOMING LAUNCHES
This month, HDB will be offering about 5,200 new flats for sale in Bedok, Bukit Merah, Choa Chu Kang, Clementi, Geylang, and Punggol.
It has committed to offer 25,000 Build-To-Order (BTO) flats in 2012. In the first half of this year, it has already offered 12,703 BTO flats and 3,825 flats under a Sale of Balance flats exercise.
Source: AsiaOne website - Mon, Jul 02, 2012