Written answer by Ministry of National Development on the HDB Resale Price Index by flat type

Sep 9, 2024

Question No: 6538

Question by: Mr Chua Kheng Wee Louis

To ask the Minister for National Development (a) what is the decomposition of the HDB Resale Price Index by flat type in the year-to-date and the last five years; (b) what is the average increase in HDB resale flat prices by flat type in the year-to-date and in each year of the last five years; and (c) what are the reasons for the differences in price increases across the flat types.

Answer:

The HDB Resale Price Index (RPI) is a composite index representing the common flat types and design models transacted. We are unable to provide a breakdown of the RPI by flat type, due to small transaction volume and fluctuations over time for some flat types.   Broadly speaking, prices have increased across all flat types in sync with the wider market. As a proxy, the Member can refer to the HDB InfoWEB for the quarterly data on the median resale price by town and flat type.