HDB prices hit new high

[makapaaa]

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Coffeeshop Chit Chat - HDB prices hit new high</TD><TD id=msgunetc noWrap align=right>

Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>teh_si <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>Jan-4 6:53 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 9) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>26664.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Jan 4, 2010
HDB prices hit new high

<!-- by line -->By Jessica Cheam
<!-- end by line --><!-- end left side bar -->

HDB resale flat prices rose about 8 per cent for 2009. -- ST PHOTO: STEPAHNIE YEOW
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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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[shOUTloud]

I think the figure will continue to rise cos of the way the HDB transactions are being conducted at the moment. Due to the high volume of transactions, buyers/sellers have to wait for 2-3 months before completing the sale. So what we are seeing in the 4th quarter are transactions in the 3th quarter.

With Mah Bow Tan's extremely late actions in pushing through BTOs in Nov, the effects of 4th quarter will appear in 2010 1st quarter. Might seen a bit of slowdown in 2nd quarter.