HDB resale prices rise 3.8% in 3Q11

HDB has ramped up the supply of new flats to meet increasing demand, offering 23,800 new flats between January and September 2011.

HDB’s flash estimate of the 3rd Quarter 2011 Resale Price Index is 187.1, an increase of 3.8% over 2nd Quarter 2011. The increase is slightly higher than the 3.1% registered in the previous quarter.

Upcoming Sales Launches
HDB has ramped up the supply of new flats to meet the demand. Between Jan and Sep 2011, HDB has offered about 23,800 new flats for sale – the latest being in Sep 2011 when a bumper supply of 8,262 flats were offered under the BTO and Sale of Balance Flat exercises.

In Nov 2011, HDB will be launching another 4,200 BTO flats for sale in various towns, such as Bedok, Bukit Panjang, Hougang, Punggol and Yishun. HDB is on track to deliver 25,000 BTO flats for the whole of 2011. Come 2012, flat buyers can look forward to a similar supply of 25,000 BTO flats.