International Business & Economy HDB BTO up 16.1% price differential?

HDB BTO up 16.1% price differential?

Author

Date

Category

- Advertisement -

By: Leong Sze Hian

I refer to the article “4,841 HDB flats on offer in August BTO exercise”. It states that the price for Sembawang East Delta@Canberra BTO 4-room HDB flats starts from $240,000.

BTO price increased by 6.7%?

In the May 2013 BTO launch – Sembawang Eastbank, Eastbrook and Eastwave@Canberra were selling 4-room flats from $225,000.

- Advertisement -

This is an increase in the lowest priced 4-room flats by 6.7 per cent ($240,000 divided by $225,000).

URA index fell 9.4%?

But, the URA resale price index fell by about 9.4 per cent during the similar period (134.7 20162Q divided by 148.6 20131Q).

Please explain 16.1 % price differential?

If so, shouldn’t prices have fallen by about 9.4 per cent, instead of having increased by 6.7 per cent?

How do we explain the 16.1 per cent (9.4 + 6.7) price differential?Follow us on Social Media

Send in your scoops to news@theindependent.sg 

No tags for this post.
- Advertisement -

Local nurse says it is ‘sad, really sad to know’ that frontliners like himself are being blamed for the current Covid-19 outbreak

Singapore -- A local nurse took to social media with a heartbreaking tweet about frontline healthcare workers like himself being blamed for Covid-19 now after being cheered as heroes when the pandemic began last year. In a tweet which has since been...

Netizens upset with ST’s piece on people’s behaviour and Covid measures

Singapore—An article entitled “Behaviour of people holds key to success of Singapore's tighter Covid-19 measures” written by the Senior Heath Correspondent of The Straits Times has been met with unhappy reactions from netizens.   Ms Salma Khalik, whose piece was published on...

‘Stop the double standards,’ says PAB rider after seeing LTA officers let off an errant rider

Singapore – “PAB (power-assisted bicycle) rider doing food delivery? You’d better just dress like you look like an Aunty because LTA (Land Transport Authority) will not issue you a ticket,” said a member of the public after witnessing the authorities let...
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

No tags for this post.
Theindependent