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Resale Price Index Print E-mail
Resale price index shows the overall price movement of resale HDB flats, with 4Q 1998 as the base period with the index starting at 100. The index is calculated using quarterly average resale prices by date of registration.

An Example:

Period
Index
2006
3rd
102.6
2006
4th
103.6
2007
1st
104.9
2007
2nd
108.0

The example above shows that in the 2nd quarter 2007, HDB's resale price index grew by slight more than 3% over the previous quarter, the growth never seen in almost a decade. This shows a general increase in prices in almost all towns and flat types.

Why it is useful?
The resale price index shows price appreciation/depreciation over a period of time. It allows owners and prospective buyers to track overall market movement, and make an informed decision based on the index. It reflects the general sentiment of the HDB resale market.

I want to know the latest Resale Price Index.