PRICES of Housing Board flats have reached a historical record, rising 1.4 per cent in the second quarter this year, reversing a first-quarter dip of 0.8 per cent.
Fresh data released from the HDB on Friday shows the resale price index rising to 140.2 - beating the previous record set in the fourth quarter of last year when it hit just over 139.
The figures have come in slightly higher than flash estimates released earlier this month which showed that prices rose 1.2 per cent.
6,000 BTO flats
The board said it plans to launch another 6,000 units under its build-to-order scheme in the next six months, of which some 2,400 units would be three-room and smaller flats.
The bulk of new flat supply would be in Punggol.
To date, the HDB has launched about 2,000 new flats in Punggol, Sengkang and Woodlands in 2009 to ramp up supply.
By Jessica Cheam
Extracted from The Straits Times
24 July 2009
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