Flash estimates released by HDB today showed an increase of 167.8 in the public housing Resale Price Index for the third quarter of 2010. Prices of HDB resale flats rose 4 % to reach a new high. But HDB was quick to point out that most of the transactions registered in the 3rd quarter were done before the recent HDB ruling changes on Aug 30.
HDB said it’s estimated that the monthly resale transaction volume in September declined by 25 per cent compared to August. The next flash estimates will be released on October 22. A much clearer picture of the impact of the property market cooling measures should be seen then.
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