Published Date: 26 Oct 2018
This press release provides the data for the HDB resale and rental market in 3rd Quarter 2018.
HDB Resale Market
2 The RPI fell slightly by 0.1%, from 131.7 in 2nd Quarter 2018 to 131.6 in 3rd Quarter 2018 (see Annex A).
3 Resale transactions rose by 18.9%, from 5,941 cases in 2nd Quarter 2018 to 7,063 cases in 3rd Quarter 2018 (see Annex B). Compared to 3rd Quarter 2017, resale transactions in 3rd Quarter 2018 were 21.6% higher.
4 The median resale prices in the various towns in 3rd Quarter 2018 are tabulated in Annex C.
HDB Rental Market
5 The median rents in the various towns in 3rd Quarter 2018 are tabulated in Annex D.
6 The number of approved applications to rent out HDB flats fell by 6.7%, from 12,024 cases in 2nd Quarter 2018 to 11,216 cases in 3rd Quarter 2018 (see Annex E). Compared to 3rd Quarter 2017, the number of approved applications to rent out HDB flats in 3rd Quarter 2018 was 4.8% higher. As at 30 Sep 2018, there were 56,074 HDB flats rented out, an increase of 2.1% over 30 Jun 2018 (54,896 units).
Upcoming Sales Launch
7 In November 2018, HDB will offer about 3,800 Build-To-Order (BTO) flats in Sembawang, Sengkang, Tampines, Tengah and Yishun. Those in Sembawang, Sengkang and Yishun will have a shorter waiting time of 2.5 years, instead of the typical 3 to 4 years, to the flat buyers. More information on the BTO flats is available on the HDB InfoWEB. There will also be a concurrent Sale of Balance Flats exercise.