HDB resale prices hit sixth quarter of decline at 0.8%

Expect 3,900 Build-To-Order flats in Sengkang, Tampines, Toa Payoh, and Yishun.

The Resale Price Index (RPI) of HDB flats hit 131.6 in Q4, indicating a dip of 0.8%. This marks the sixth consecutive quarter of decline in prices.

The RPI provides information on the general price movements in the resale public housing market. The RPI for the full quarter, together with more detailed public housing data, will be released on 27 April 2018.

Meanwhile, HDB will offer about 3,900 Build-To-Order (BTO) flats in Sengkang, Tampines, Toa Payoh, and Yishun in the May 2018 BTO exercise. 

PropNex Realty CEO Ismail Gafoor noted that with the positive sentiment in the residential market as well as the huge number of en bloc sales in 2017 and 2018, there could be greater demand for HDB resale properties with some en bloc owners considering resale flats in the second half of the year. "There is a likelihood that HDB prices may well experience a muted growth of up to 1% in 2018. The group of ex-en bloc owners who will choose public housing will prefer flats within two kilometres of their existing development and will also likely opt for bigger HDB flats like Executive Maisonette or Executive Apartments as cash is not a constraint for them,” he added.