Log out

You’re logging out from your Ohmyhome account. Continue?

Chat With Us

Property News: Flash Estimate of the HDB Resale Price Index in 1st Quarter 2020

Ohmyhome

Have you sold or bought a Housing and Development Board (HDB) resale flat in the first quarter this year?

Amid the COVID-19 pandemic, the HDB said that the resale property prices were unchanged in the first three months of 2020, compared with the last quarter of 2019.

What is the Flash Estimate of the HDB Resale Property Price Index in Q1?

Resale Property Price Index (RPI) tracks the overall price movement of the public residential market. It is based on a quarterly average resale price by date of registration.

  • RPI was 131.5 which is the same level as in the last quarter of 2019.
  • Prices were stable after two consecutive quarters of the increase last year.

The HDB will release the final figures, with more detailed public housing data on 24 April.

Ohmyhome’s HDB Sales Manager Clarence Liang said, “In the first quarter of 2020, we do not see an enormous impact of COVID-19 to the HDB resale flat prices. The HDB resale RPI is less likely to be subjected to rapid shifts, unlike private investment properties. Stable HDB resale price could be an indication that buyers are being a little more conservative.”

New BTO Flats

About 3,700 Build-To-Order (BTO) flats in Choa Chu Kang, Pasir Ris, Tampines and Tengah will be offered in May. While there are 4,100 BTO flats in Ang Mo Kio, Bishan, Geylang, Tampines and Woodlands that will be offered in August.



Sources: HDB, The Straits Times

Subscribe to the property newsletter read by 350,000 homies

Get our finest insights sent straight to your inbox. Enter your best email.
Unsubscribe anytime.

Consult an expert for free!

Send us your details and we’ll be in touch within 15 min (daily 9am to 9pm GMT +8).

or

Contact us your way

Talk to us today. Available daily 9 AM to 9 PM (GMT +8)

Our finest insights you'll be looking forward to receive.

Read by 200,000 Homies. Enter your best email below to join in.

Unsubscribe anytime.

SHARE WITH YOUR FRIENDS!

Featured Blogs

Highlighting unique property views for every Singaporean