HDB price check
HDB 3rd Quarter 2011 Resale Index Up 3.8%, COV Reaches $68K For Executive Units 28 Oct 2011 HDB’s Resale Price Index (RPI) rose from 180.3 in 2nd Quarter 2011 to 187.2 in the 3rd Quarter 2011, an increase of 3.8% over the previous quarter. Highest COV commanded for 3 room is Bukit Merah ($34,000), 4 room is Bishan ($52,000), 5 room is Bishan ($66,500) and Executive is Tampines ($68,000). HDB will be releasing 4,200 BTO units in Nov 2011. This press release provides housing data for the HDB resale and rental market in 3rd Quarter 2011. HDB Resale Market HDB’s Resale Price Index (RPI) rose from 180.3 in 2nd Quarter 2011 to 187.2 in the 3rd Quarter 2011. This is an increase of 3.8% over the previous quarter (see Annex A (PDF 16KB)). Resale transactions fell by about 10%, from 6,581 cases in 2nd Quarter 2011 to 5,903 cases in 3rd Quarter 2011 (see Annex B (PDF 10KB)). The median resale prices and Cash-Over-Valuation (COV) amounts in the various towns a...