Release Of 2nd Quarter 2012 Public Housing Data
Date issued : 27 Jul 2012

 This press release provides housing data for the HDB resale and rental market in the 2nd Quarter of 2012.

HDB Resale Market

2HDB’s Resale Price Index (RPI) rose from 191.6 in 1st Quarter 2012 to 194.0 in the 2nd Quarter 2012, representing an increase of 1.3% over the previous quarter (see Annex A1 (PDF 30KB) and A2 (PDF 49KB)). This is the same figure as the flash estimate released on 2 July 2012.

3Resale transactions increased by about 19% from 5,900 cases in 1st Quarter 2012 to 7,000 cases in 2nd Quarter 2012 (see Annex B (PDF 35KB)).

4The median resale prices and Cash-Over-Valuation (COV) amounts in the various towns are tabulated in Annexes C (PDF 48KB) and D (PDF 49KB).

Upcoming Sales Launches

5HDB has offered 12,700 flats under its Build-To-Order (BTO) exercises and another 3,800 flats under a Sale of Balance Flats exercise in 1st half 2012.

6In July 2012, HDB will offer 4,200 new flats in seven projects, spread over five towns/estates: Bukit Merah, Choa Chu Kang, Clementi, Geylang, and Punggol. A project in Bedok originally planned for launch in Jul 2012 has been postponed to finalize the design for launch. This site will be launched later this year. HDB remains on track to launch 25,000 flats this year. Information on the coming July 2012 BTO exercise is available on the HDB InfoWEB.

HDB Rental Market

7Median subletting rents in various towns in 2nd Quarter 2012 are tabulated in Annex E (PDF 48KB).

8Subletting transactions rose by about 3% from 6,700 cases in 1st Quarter 2012 to 6,900 cases in 2nd Quarter 2012 (see Annex F (PDF 33KB)). The total number of HDB flats approved for subletting rose to 41,800 units in 2nd Quarter 2012, compared to 41,200 units in 1st Quarter 2012.