PRICES of private residential properties rose by 0.4 per cent in the third quarter 2013, which is lower than the 1 per cent increase recorded in the second quarter, The Urban Redevelopment Authority (URA) said.

Prices of non-landed properties in the Core Central Region (CCR) declined by 0.3 per cent, after the 0.2 per cent decrease in the previous quarter.

In the Rest of Central Region (RCR), prices decreased by 0.9 per cent. This is the first decrease recorded in the region since the first quarter 2012.

Prices in the Outside Central Region (OCR) increased by 2.2 per cent, which is lower than the 3.8 per cent increase in the previous quarter.

Some 107,400 private housing and EC units are in the pipeline supply, many of which expected to be completed in the next three to four years, the Urban Redevelopment Authority (URA) said on Friday.

Of this, 6,711 units, including executive condominiums (EC) will be completed in the last quarter of this year.

Another 21,263 units are expected to be completed next year, said URA.

Its data showed that the total supply of 84,917 uncompleted private residential units in the pipeline at the end of Q3 this year was slightly lower than the 87,789 units in the previous quarter.

An additional upcoming supply of 12,436 EC units brings this total number to 97,353 units in the pipeline.

Another 10,025 units will also soon be added to the supply - from Government Land Sales (GLS) sites that had been awarded to developers but have not obtained planning approvals, as well as unawarded Confirmed List sites from the second-half 2013 GLS programme.

This makes up the total number of about 107,400 private and EC homes to be rolled out in the next few years, URA said.

HDB resale index registers first decline since Q1 2009

Source: Business Times

By: Vivien Shiao

THE Resale Price Index (RPI) fell by 0.9 per cent to 204.8 in the third quarter from 206.6 in the second quarter 2013 - the first decline since the first quarter 2009.

Resale transactions fell by 13 per cent, from 5,235 cases in Q2 to 4,529 cases in Q3.

Subletting transactions fell by five per cent from 7,891 cases in Q2 to 7,505 cases in Q3.

The total number of HDB flats approved for subletting rose 0.6 per cent from 44,706 units in Q2 to 44,966 units in Q3.