Published Date: 26 Apr 2019
This press release provides the data for the HDB resale and rental market in 1st Quarter 2019.
HDB Resale Market
2 The Resale Price Index (RPI) fell by 0.3%, from 131.4 in 4th Quarter 2018 to 131.0 in 1st Quarter 2019 (see Annex A).
3 Resale transactions fell by 14.2%, from 5,637 cases in 4th Quarter 2018 to 4,835 cases in 1st Quarter 2019 (see Annex B). Compared to 1st Quarter 2018, resale transactions in 1st Quarter 2019 were 8.5% higher.
4 The median resale prices in the various towns in 1st Quarter 2019 are tabulated in Annex C.
HDB Rental Market
5 The median rents in the various towns in 1st Quarter 2019 are tabulated in Annex D.
6 The number of approved applications to rent out HDB flats rose by 2.6%, from 11,479 cases in 4th Quarter 2018 to 11,775 cases in 1st Quarter 2019 (see Annex E). Compared to 1st Quarter 2018, the number of approved applications to rent out HDB flats in 1st Quarter 2019 was 0.5% higher. As at 31 Mar 2019, there were 57,764 HDB flats rented out, an increase of 1.8% over 4th Quarter 2018 (56,742 units).
Upcoming Sales Launch
7 In May 2019, HDB will offer about 3,400 Build-To-Order (BTO) flats in Kallang Whampoa, Tengah and Woodlands. More information on these BTO flats is available on the HDB InfoWEB. There will also be a concurrent Sale of Balance Flats exercise.