HDB BTO PRICE UP 11.2% WHEN RESALE FLAT PRICES CONTINUE TO DROP

According to the Straits Times news report Clementi flats the star draw in BTO launch” (Jun 3) – “four- and five-room units selling from $463,000 and $566,000 respectively with grants”.

BTO price increased by 11.2%?

The latest BTO launch in May 2015 is selling Clementi Crest 4-room flats from a whopping $478,000.

In the July 2012 BTO launch – Clementi Gateway was selling 4-room flats from $430,000.

This is an increase in the lowest priced 4-room flat by 11.2 per cent.

URA index fell 3.4%?

But, the URA resale price index fell by about 3.4 per cent during the similar period.

Are BTO prices really delinked from resale prices?

So, have BTO prices really been delinked from resale prices?

Please explain 14.6 % price differential?

If so, shouldn’t prices have fallen by about 3.4 per cent, instead of having increased by 11.2 per cent?

How do we explain the 14.6 per cent price differential?

 

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