Resale flat prices declined by 1.5 percent for the whole of 2015 compared with the previous year, according to HDB’s flash estimates.
In Q4 2015, prices in the resale public housing market increased by 0.2 percent, compared to the 0.3 percent decline in the previous quarter.
In a statement, HDB said more detailed public housing data for Q4 2015 will be released on 22 January.
In 2016, the government plans to launch about 18,000 new flats, up from the 15,100 units in 2015. This is to meet the expected demand due to recent policy changes.
Meanwhile, the first Build-To-Order (BTO) exercise will be held in February where about 4,150 flats will be launched in Bidadari, Bukit Batok and Sengkang.
Source: HDB
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
