Flash Estimate of 4th Quarter 2014 Resale Price Index
As announced on 9 Dec 2014, HDB will adopt the Stratified Hedonic Regression method to compute the Resale Price Index (RPI), starting from the flash estimate of the 4th Quarter 2014.
2 The Stratified Hedonic Regression method will control for variations in flat attributes of the resale flats transacted, thus better reflecting price changes over time. This allows the index to continue serving its purpose of providing timely and reliable information on resale market movements.
3 HDB’s flash estimate of the 4th Quarter 2014 RPI using the revised method is 137.1, a decline of 1.4% over 3rd Quarter 2014 (see Annexes A1 and A2). The previous RPI from 1Q1990 to 3Q2014 has been re-scaled to the new base period of 1Q2009, but the quarterly percentage changes remain unchanged.
4 The RPI provides an indication of the general price trend of resale HDB flats. Prospective flat buyers and sellers may refer to the transacted prices of individual flats (by block and flat type) which are available in the HDB InfoWEB (online enquiry) for their price negotiation.
5 The RPI for the full quarter and more detailed public housing data for 4th Quarter 2014 will be released on 23 January 2015.
In 2015, HDB plans to launch four Build-To-Order (BTO) exercises, with a total supply of 16,900 new flats. This will include BTO flats in new areas such as Bidadari and Punggol Northshore. The first BTO exercise will be held in February where about 3,940 new flats in Bukit Batok, Geylang and Hougang will be offered. More information on the flats to be offered under the February 2015 BTO exercise is available on the HDB InfoWEB.