HDB resale price index inches 1.3% higher

Resale transactions also rose by 19% to 7,000 cases in 2Q12.

According to a release, Housing Development Board'’s Resale Price Index (RPI) rose from 191.6 in 1st Quarter 2012 to 194.0 in the 2nd Quarter 2012, representing an increase of 1.3% over the previous quarter. This is the same figure as the flash estimate released on 2 July 2012.

Here's more from HDB:

Resale transactions increased by about 19% from 5,900 cases in 1st Quarter 2012 to 7,000 cases in 2nd Quarter 2012. HDB has offered 12,700 flats under its Build-To-Order (BTO) exercises and another 3,800 flats under a Sale of Balance Flats exercise in 1st half 2012.

In July 2012, HDB will offer 4,200 new flats in seven projects, spread over five towns/estates: Bukit Merah, Choa Chu Kang, Clementi, Geylang, and Punggol. A project in Bedok originally planned for launch in Jul 2012 has been postponed to finalize the design for launch. This site will be launched later this year. HDB remains on track to launch 25,000 flats this year.

Subletting transactions rose by about 3% from 6,700 cases in 1st Quarter 2012 to 6,900 cases in 2nd Quarter 2012. The total number of HDB flats approved for subletting rose to 41,800 units in 2nd Quarter 2012, compared to 41,200 units in 1st Quarter 2012.

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