HDB flash estimate, released on 1 July, has been spot-on. The actual figure unveiled today corresponds perfectly with the estimate. The resale price index has risen by 0.5% from 205.5 in the preceding quarter to reach 206.6 in 2nd Quarter 2013.

The growth is below that for 1st Quarter 2013 when the index jacked up by 1.3% over the previous quarter. And it is also the lowest since 1st Quarter 2009, when the index declined quarter-on-quarter. In the 1st Quarter 2009, the index dropped by 0.79% to arrive at 138.3 from 139.4 in the 4th Quarter 2008.

Table 1: HDB Re-sale Price Index

Price Index

Q-o-Q % Change

2Q’13

206.6

0.5%

1Q’13

205.5

1.3%

4Q’12

202.9

2.5%

3Q’12

197.9

2.0%

2Q’12

194.0

1.3%

1Q’12

191.6

Source: HDB

Sale figures for resale flats showed positive growth after falling for three consecutive quarters. Transactions soared by 21% from 4,335 cases in 1st Quarter 2013 to 5,235 cases in 2nd Quarter 2013.

Table 2: HDB Resale Flats Transactions

No. of Resale Applications

Q-o-Q % Change

2Q’13

5,235

20.8%

1Q’13

4,335

-23.0%

4Q’12

5,632

-14.1%

3Q’12

6,560

-6.4%

2Q’12

7,011

19.0%

1Q’12

5,892

Source: HDB

Subletting activities, however, rose modestly by 6% from 7,410 cases in the preceding quarter to 7,891 cases in 2nd Quarter 2013. The total number of HDB flats approved for subletting rose 1.0% from 44,274 units in 1st Quarter 2013 to 44,706 units in 2nd Quarter 2013.

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