Published Date: 26 Jan 2018
This press release provides the data for the HDB resale and rental market in 4th Quarter 2017.
HDB Resale Market
2 The Resale Price Index (RPI) fell by 0.2%, from 132.8 in 3rd Quarter 2017 to 132.6 in 4th Quarter 2017 (see Annex A). The RPI for the full year of 2017 registered a decline of 1.5%.
3 Resale transactions fell by 1.2%, from 5,808 cases in 3rd Quarter 2017 to 5,738 cases in 4th Quarter 2017 (see Annex B). Compared to 4th Quarter 2016, resale transactions in 4th Quarter 2017 were 14.5% higher. For the full year of 2017, resale transactions increased by 6.1%, from 20,813 cases in 2016 to 22,077 cases.
4 The median resale prices in the various towns in 4th Quarter 2017 are tabulated in Annex C.
HDB Rental Market
5 The median rents in the various towns in 4th Quarter 2017 are tabulated in Annex D.
6 The number of approved applications to rent out HDB flats rose by 5.4%, from 10,698 cases in 3rd Quarter 2017 to 11,279 cases in 4th Quarter 2017 (see Annex E). Compared to 4th Quarter 2016, the number of approved applications to rent out HDB flats in 4th Quarter 2017 were 5.6% higher. As at 31 Dec 2017, there were 53,750 HDB flats rented out, an increase of 0.6% over 3rd Quarter 2017 (53,445 units).
Upcoming Sales Launch
7 In 2018, HDB will launch about 17,000 new flats for sale. For the first Build-To-Order (BTO) exercise to be launched in February 2018, HDB will offer about 3,600 flats in Choa Chu Kang, Geylang, Tampines and Woodlands. More information on the BTO flats is available on the HDB InfoWEB. A concurrent Re-Offer of Balance Flats exercise will be held.