Flash Estimate Of 3Q07 Resale Price Index And Upcoming New Flat Supply

Source : Housing Development Board (HDB) Press Release, Oct 1, 2007



Resale Price Index

1. HDB’s flash estimate of the 3rd Quarter 2007 Resale Price Index (RPI) is 115.0, an increase of 6.5% over the previous quarter. The historical RPI series can be found at the Annex (55KB) for reference.






















2. The Resale Price Index is meant to be only a general guide to price movements in the public residential market. Transacted prices of individual flats (by block and flat type) can be found on HDB’s website and detailed online enquiries can be made at http://www.hdb.gov.sg/bb33/ispm051p.nsf.

3. The RPI for the full quarter and more detailed public housing data for 3rd Quarter 2007 will be released at the end of October.


New Flat Supply

4. In tandem with the improved market conditions, HDB has observed good response for new flats offered under recent HDB sales exercises. To meet demand from citizen households, HDB will be increasing its supply of new flats with plans to offer about 4,500 units under the Build-to-Order (BTO) system over the next 6 months. HDB also has plans to release 3 new DBSS sites with a combined yield of about 1,500 units in central and eastern Singapore over the same period. HDB’s plans are subject to market demand, and the details of the BTO and DBSS sites will be released when they are ready for launch.

5. HDB will continue to monitor the market situation closely, to ensure that there is an adequate and affordable supply of flats.