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HDB resale flats prices continue to rise
By Julie Quek | Posted: 01 July 2011 1433 hrs

SINGAPORE: Resale prices of HDB flats have increased 2.9 per cent in the second quarter of this year compared to the previous quarter.

Flash data released on Friday by the Housing and Development Board (HDB) shows that its resale price index in the second quarter this year came in at 179.9.

The rate of price growth in the second quarter is higher than the previous quarter's 1.6 per cent hike.

HDB said it is on track to offer 22,000 Build-to-Order (BTO) flats by September, and another 3,000 BTO flats in the last quarter of this year.

Prospective buyers can check the HDB website for details of the projects scheduled for sale from July to September.

To further enhance the supply for third quarter this year, HDB said it plans to launch 2,000 flats under a Sale of Balance Flats Exercise scheduled in August.

HDB said this exercise will offer some flats in the mature estates.

- CNA/fa

$1 Million Dollars HDB incoming !!!!

This will surely chain our youth to a lifetime of financial slavery, in order to buy these flats! I don't see grads median starting salary doubling to $4,000 to $4,500, in fact it's still around $2,000 to $2,500. Yet property prices have risen to a new record high, even higher than 2007.

I guess as long as people believe, the party can still go on.