HDB Resale Prices Up 2.9% In Q4, 4.8% For Entire 2020

Singapore’s communal housing sector completed the year at a favorable mark, with Housing and Development Board resale price index enhancing almost 3% quart-on-quart in the 4th quarter of 2K20, reported Housing and Development Board flash estimates issue on 4 January.

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For the total of 2020, resale apartment values grew 4.8 percentage.

HDB documented that the index “provides data on the standard price motions in the resale government property sector”.

Housing and Development Board continued that it will launch the RPI for the complete quart, as well as the extra descriptive government property data, on 22January 2020.

It published that it will provide around 37hundred Build-to-Order apartments in Bukit Batok, Tengah, TPY as well as Kallang Whampoa on Feb.

“This consists of the brand-new Area Treatment Flat in Bt Batok,” it pointed out.

During May, an additional three thousand eight hundred BTO apartments in Geylang, Bt Merah, Tengah as well as Woodlands are going to be made available.

“Given the economic uncertainness because of COVID-19, Housing and Development Board is keeping track of the property sector tightly and also are going to adjust the supply if required,” it said.

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