The Housing and Development Board (HDB) will be sharing more - TopicsExpress



          

The Housing and Development Board (HDB) will be sharing more details about a revised computation methodology for the Resale Price Index (RPI), as the existing one may not adequately reflect the resale market, said National Development Minister Khaw Boon Wan on Wednesday (Dec 3). The RPI is supposed to provide a general sense of resale price movements, and serves as a useful reference point for home buyers and sellers when making transactions. HDB publishes the index on a quarterly basis. Currently, the index is calculated using resale transactions registered across flat types, flat models and region. The average resale flat prices for each segment are then aggregated to derive the final number. In a blogpost, Mr Khaw said HDB has been working with a consultant from the NUS Department of Real Estate to review the RPI computation methodology, and the review was recently completed. Channelnewsasia Article / MediaCorp Video: channelnewsasia/news/singapore/hdb-resale-price-index-to/1507594.html
Posted on: Fri, 05 Dec 2014 10:00:01 +0000

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