Prices of HDB resale flats fell 1.0 percent in Q1 2015 from the previous quarter, according to latest data from the housing board.
The data showed that HDB resale prices decreased for the fifth straight quarter, but at a slower pace. Prices slid 1.5 percent in Q4 2014 and 6.2 percent for the whole of last year.
Resale transactions in Q1 declined 10.8 percent to 4,135 cases from 4,635 cases in the previous three-month period.
But the number of applications approved to sublet a flat increased 0.2 percent to 10,385 cases from the previous quarter. In Q1, the total number of HDB flats being sublet rose 0.5 percent to 48,338 units.
In May, HDB will launch about 4,040 Build-to-Order (BTO) flats in Clementi, Punggol, Sembawang and Tampines. An additional 5,000 flats will be offered in a concurrent Sale of Balance Flats exercise.
Source: HDB
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
