Friday, October 24, 2008

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HDB Resale Price Index Quarter 3 2008: Price Rose 4.2% and Rent Rose marginally of less than 1%

HDB’s Resale Price Index (RPI) rose by 4.2% in 3rd Quarter 2008 over the previous quarter, slightly lower than the 4.5% increase seen in 2nd Quarter 2008. Resale transactions increased by about 4%, from about 7,760 cases in Quarter 2 2008 to about 8,110 cases in Quarter 3 2008.

The median Cash-Over-Valuation (COV) amount of all resale transactions in 3rd Quarter 2008 was $19,000. This is a slight decrease compared with the COV of $20,000 in 2nd Quarter 2008.

Overall median sublet rents for HDB flats rose slightly in Quarter 3 2008. Subletting transactions fell slightly by about 4% from about 4,120 cases in Quarter 2 2008 to about 3,960 cases in Quarter 3 2008. The total number of HDB flats approved for subletting rose to about 21,400 units, compared to about 20,200 units in Quarter 2 2008.

May also want to read:
Singapore Property Forecast: HDB and Private Property will trend in opposite direction until ..,
The days of Cheap, Easy Credits chasing after property is OVER!
When the bubble of greed and fear burst, guess who suffer?
Property Investment Tip: Don't put all your eggs in one basket
HDB Resales: West Sees Highest Price Increase


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