HDB prices hit new high
By Jessica Cheam
HDB resale flat prices rose about 8 per cent for 2009. -- ST PHOTO: STEPAHNIE YEOW
PRICES of Housing Board resale flats continued its relentless climb, rising 3.8 per cent in the fourth quarter of last year to hit a fresh record.
The Resale Price Index (RPI) hit 150.7 in the fourth quarter, up from 145.2 in the third quarter, according to flash estimate released by the HDB on Monday.
This means HDB resale flat prices rose about 8 per cent for 2009. Analysts say this is due to the nascent economic recovery and strong demand for resale flats.
HDB said on Monday it will continue to launch more build-to-order flats in 2010 'if there is sustained demand for new flats',.
It will ensure that there is an adequate supply of flats to meet prevailing housing needs, it said.
About 1,300 new flats will be launched for sale tomorrow in Choa Chu Kang and Hougang.
Full public housing data for the fourth quarter will be released on Jan 22.
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