Source: HDB InfoWEB

HDB’s flash estimate of the 1st Quarter 2010 Resale Price Index (RPI) is 154.9, an increase of 2.7% over 4th Quarter 2009, compared to the 3.9% increase from 3rd Quarter to 4th Quarter 2009. The RPI has risen by 3.5% per annum on average between 1st Quarter 2000 and 1st Quarter 2010.

Resale volume has trended downwards. The estimated number of resale transactions for the full quarter is about 8,500. This is about 5% lower compared to 4th Quarter 2009 which registered 8,926 cases.

The median Cash-Over Valuation (COV) amount for 1st Quarter 2010 (up to 21st March 2010) has stabilised at $25,000, an increase of $1,000 over 4th Quarter 2009. In contrast, the median COV doubled from $12,000 in 3rd Quarter 2009 to $24,000 in 4th Quarter 2009.

The RPI for the full quarter and more detailed public housing data for 1st Quarter 2010 will be released on 23 April 2010.

Update 23 April 2010. RPI Qtr 01 2010 is 155.0