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Resale Price Index

The HDB Resale Price Index tracks the overall price movement of the public residential market. The index is calculated using resale transactions registered across towns, flat types and models, with the first quarter of 2009 as the base period (i.e. index has value 100 in 1Q2009).

The Index is used by comparing how it changes from one period from another. For example, if the index increases from 100 to 108 in one year, it means that on the whole, HDB resale flat prices increased by 8% over this period.

Resale Price Index from 1st Quarter 1990 to 2nd Quarter 2015

Year | Quarter | Index | % Change from Previous Quarter |

2015 | II | 135.0 | -0.4% |

I | 135.6 | -1.0% | |

2014 | IV | 137.0 | -1.5% |

III | 139.1 | -1.7% | |

II | 141.5 | -1.4% | |

I | 143.5 | -1.6% | |

2013 | IV | 145.8 | -1.6% |

III | 148.1 | -0.9% | |

II | 149.4 | 0.5% | |

I | 148.6 | 1.3% | |

2012 | IV | 146.7 | 2.5% |

III | 143.1 | 2.0% | |

II | 140.3 | 1.3% | |

I | 138.5 | 0.6% | |

2011 | IV | 137.7 | 1.7% |

III | 135.4 | 3.8% | |

II | 130.4 | 3.2% | |

I | 126.4 | 1.6% | |

2010 | IV | 124.4 | 2.6% |

III | 121.3 | 4.0% | |

II | 116.6 | 4.0% | |

I | 112.1 | 2.8% | |

2009 | IV | 109.0 | 3.8% |

III | 105.0 | 3.6% | |

II | 101.4 | 1.4% | |

I | 100.0 | -0.8% | |

2008 | IV | 100.8 | 1.4% |

III | 99.4 | 4.2% | |

II | 95.4 | 4.5% | |

I | 91.3 | 3.7% | |

2007 | IV | 88.0 | 5.8% |

III | 83.2 | 6.5% | |

II | 78.1 | 3.0% | |

I | 75.8 | 1.2% | |

2006 | IV | 74.9 | 0.9% |

III | 74.2 | -0.1% | |

II | 74.3 | 1.0% | |

I | 73.6 | 0.1% | |

2005 | IV | 73.5 | 0.4% |

III | 73.2 | -0.4% | |

II | 73.5 | -4.8% | |

I | 77.2 | 0.1% | |

2004 | IV | 77.1 | 1.0% |

III | 76.3 | 0.1% | |

II | 76.2 | 1.2% | |

I | 75.3 | 0.3% | |

2003 | IV | 75.1 | 1.1% |

III | 74.3 | 2.5% | |

II | 72.5 | 2.1% | |

I | 71.0 | 1.6% | |

2002 | IV | 69.9 | 0.0% |

III | 69.9 | 1.0% | |

II | 69.2 | 0.1% | |

I | 69.1 | -0.7% | |

2001 | IV | 69.6 | -1.4% |

III | 70.6 | -2.1% | |

II | 72.1 | -1.5% | |

I | 73.2 | -3.4% | |

2000 | IV | 75.8 | -2.3% |

III | 77.6 | -2.1% | |

II | 79.3 | -1.2% | |

I | 80.3 | 0.6% | |

1999 | IV | 79.8 | 2.2% |

III | 78.1 | 8.2% | |

II | 72.2 | 1.4% | |

I | 71.2 | -1.5% | |

1998 | IV | 72.3 | -3.5% |

III | 74.9 | -4.3% | |

II | 78.3 | -4.2% | |

I | 81.7 | -7.2% | |

1997 | IV | 88.0 | -6.0% |

III | 93.6 | -4.0% | |

II | 97.5 | -1.1% | |

I | 98.6 | -0.4% | |

1996 | IV | 99.0 | 2.7% |

III | 96.4 | 6.1% | |

II | 90.9 | 12.9% | |

I | 80.5 | 9.2% | |

1995 | IV | 73.7 | 8.9% |

III | 67.7 | 5.9% | |

II | 63.9 | 11.5% | |

I | 57.3 | 4.6% | |

1994 | IV | 54.8 | 0.4% |

III | 54.6 | 5.6% | |

II | 51.7 | 2.6% | |

I | 50.4 | 2.9% | |

1993 | IV | 49.0 | 2.7% |

III | 47.7 | 20.5% | |

II | 39.6 | 31.1% | |

I | 30.2 | 5.6% | |

1992 | IV | 28.6 | 2.1% |

III | 28.0 | 2.2% | |

II | 27.4 | 6.2% | |

I | 25.8 | 2.8% | |

1991 | IV | 25.1 | -0.4% |

III | 25.2 | -1.2% | |

II | 25.5 | 2.4% | |

I | 24.9 | 0.8% | |

1990 | IV | 24.7 | -1.2% |

III | 25.0 | 2.5% | |

II | 24.4 | 0.4% | |

I | 24.3 |

Notes:

1) The index till 3Q2014 was computed using stratification method, while that from 4Q2014 onwards is computed using the stratified hedonic regression method.

2) Indices from 1Q1990 to 3Q2014 are re-scaled using a factor of 100 (new index in 1Q2009) / 138.3 (original index in 1Q2009) multiplied on the original index level to derive the re-based index level for the respective quarters. Due to rounding, there could be some differences in the quarterly price change compared to the RPI series before re-scaling.

1) The index till 3Q2014 was computed using stratification method, while that from 4Q2014 onwards is computed using the stratified hedonic regression method.

2) Indices from 1Q1990 to 3Q2014 are re-scaled using a factor of 100 (new index in 1Q2009) / 138.3 (original index in 1Q2009) multiplied on the original index level to derive the re-based index level for the respective quarters. Due to rounding, there could be some differences in the quarterly price change compared to the RPI series before re-scaling.

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Last Updated on 24 Jul 2015