3,770 BTO flats launch
I refer to the article “3,770 BTO flats, 5,170 balance flats in mature and non-mature estates launched for sale” (Straits Times, May 24).
The price for Sembawang EastCreek@Canberra BTO 4-room HDB flats starts from $235,000.
BTO price increased by 4.4%?
In the May 2013 BTO launch – Sembawang Eastbank, Eastbrook and Eastwave@Canberra were selling 4-room flats from $225,000.
This is an increase in the lowest priced 4-room flats by 4.4 per cent ($235,000 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 20161Q divided by148.6 20131Q).
Have BTO prices really “stabilised”?
So, have BTO prices really “stabilised”?
Please explain 13.8 % price differential?
If so, shouldn’t prices have fallen by about 9.4 per cent, instead of having increased by 4.4 per cent?
How do we explain the 13.8 per cent (9.4 + 4.4) price differential?
Leong Sze Hian