Low angle view of public housing HDB resident buildings/ flats complex with grass courtyard, trees and dense of apartments during sunset in Singapore. Urban concept. Panorama style from Shutterstock.com

Resale Price Index (RPI) of public housing market experienced a decline of 0.9 percent

The decline in the Resale Price Index (RPI) of public housing market for the whole year of 2018 is 0.9 percent based on the flash estimate, the Housing and Development Board (HDB) reported on Wednesday (2 January).

HDB stated that its flash estimate of the 4th quarter of 2018 RPI is 131.4, a decline of 0.2 percent over that in the third quarter.

According to the authority, the RPI provides information on the general price movements in the resale public housing market. The transacted prices of individual flats (by block and flat type) can be found via the e-services on HDB InfoWEB.

In 2019, HDB will launch about 15,000 new flats for sale.

For the first Build-To-Order (BTO) exercise to be launched in February 2019, HDB will offer about 3,100 flats in Jurong West, Kallang Whampoa and Sengkang.