Release of 1st Quarter 2018 Public Housing Data
This press release provides the data for the HDB resale and rental market in 1st Quarter 2018.
2 The Resale Price Index (RPI) fell by 0.8%, from 132.6 in 4th Quarter 2017 to 131.6 in 1st Quarter 2018 (see Annex A).
3 There were 4,458 resale transactions in 1st Quarter 2018, compared to 5,738 transactions in 4th Quarter 2017 (see Annex B). Compared to 1st Quarter 2017, resale transactions in 1st Quarter 2018 were 1.6% lower.
4 The median resale prices in the various towns in 1st Quarter 2018 are tabulated in Annex C.
5 The median rents in the various towns in 1st Quarter 2018 are tabulated in Annex D.
6 The number of approved applications to rent out HDB flats rose by 3.9%, from 11,279 cases in 4th Quarter 2017 to 11,721 cases in 1st Quarter 2018 (see Annex E). Compared to 1st Quarter 2017, the number of approved applications to rent out HDB flats in 1st Quarter 2018 was 17.4% higher. As at 31 Mar 2018, there were 54,329 HDB flats rented out, an increase of 1.1% over 4th Quarter 2017 (53,750 units).
7 HDB will offer about 3,900 new flats in Sengkang, Tampines, Toa Payoh and Yishun in the May 2018 Build-To-Order (BTO) exercise. More information on the BTO flats is available on the HDB InfoWEB. There will also be a concurrent Sale of Balance Flats exercise.