In its flash estimate of resale prices for the second quarter released on Monday (2 July), the Housing and Development Board (HDB) said that the supply of new flats will be “reduced slightly”.
HDB noted that the resale prices for flats inched up 0.1 per cent in the March to June period compared to the previous quarter, with the Resale Price Index (RPI) coming in at 131.7, adding that the index provides information on the general price movements in the resale public housing market.
As the HDB resale market continues to stabilise, HDB stressed that it will reduce the supply of the Build-to-Order (BTO) flats in 2018 slightly, from 17,000 to about 16,000 flats.
In the first half of 2018, HDB had offered 11,373 flats, which included 7,634 BTO flats and 3,739 balance flats offered in the Sales of Balance Flats and Re-offer of Balance Flats exercises.
HDB then stated that in August 2018, it will offer another 4,300 BTO flats in Punggol and Yishun.
More information on the BTO flats is available on the HDB InfoWEB.