1. HDB resale prices decrease in June 2016. There was a decrease of 0.6% in HDB Resale prices in June 2016 compared to that of May 2016. The resale prices of HDB 3 Room and HDB 5 Room Flats decreased by 0.7%, and 0.8% respectively. On the other hand, the resale prices of HDB 4 Room Flats remain unchanged and Executive Flats increased by 0.1%.
2. Resale volume stays flat. According to HDB resale data compiled by SRX Property, 1,823 HDB resale flats were sold in June 2016, which is almost the same as the 1,826 transacted units in May 2016.
3. Overall median Transaction Over X-Value (T-O-X) is ZERO in June 2016. According to SRX Property, the median T-O-X for HDB was ZERO in June 2016. The median T-O-X for HDB measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.
4. Clementi posts the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in June 2016, Clementi reported the highest median TOX of POSITIVE $11,000 followed by POSITIVE $6,000 in Kallang/Whampoa.
This means that majority of the buyers in these towns have purchased units above the computer-generated market value.
5. Among relatively active towns, Bukit Merah posts the most negative median T-O-X. Among HDB towns having more than 10 resale transactions with T-O-X in June 2016, the lowest median T-O-X was in Bukit Merah at NEGATIVE $15,500, followed by Bukit Batok at NEGATIVE $10,000.
According to the SRX Property Price Index for HDB Resale:
- Year-on-year, prices have also decreased by 0.6% from June 2015;
- Prices have declined by 11.5% since the peak in April 2013;
According to the SRX Property Price Sub-Indices for HDB Resale:
- In June 2016, HDB resale prices of mature estates and non-mature estates decreased by 0.7% and 0.5% respectively.
- Year-on-year, prices in mature estates have increased by 0.2% from June 2015;
- Year-on-year, prices in non-mature estates have decreased by 1.3% from June 2015.
2. Resale volume stays flat. According to HDB resale data compiled by SRX Property, 1,823 HDB resale flats were sold in June 2016, which is almost the same as the 1,826 transacted units in May 2016.
- Year-on-year, resale volume increased by 6.7% compared to 1,709 units resold in June 2015;
- Resale volume was down by 50.0% compared to its peak of 3,649 units in May 2010.
3. Overall median Transaction Over X-Value (T-O-X) is ZERO in June 2016. According to SRX Property, the median T-O-X for HDB was ZERO in June 2016. The median T-O-X for HDB measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.
- Overall Median T-O-X was ZERO in June 2016, up by $1,000 compared to the figure in May 2016;
- Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in June 2016 were NEGATIVE $1000, NEGATIVE $500, POSITIVE $1000 and POSITIVE $2,000 respectively.
4. Clementi posts the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in June 2016, Clementi reported the highest median TOX of POSITIVE $11,000 followed by POSITIVE $6,000 in Kallang/Whampoa.
This means that majority of the buyers in these towns have purchased units above the computer-generated market value.
5. Among relatively active towns, Bukit Merah posts the most negative median T-O-X. Among HDB towns having more than 10 resale transactions with T-O-X in June 2016, the lowest median T-O-X was in Bukit Merah at NEGATIVE $15,500, followed by Bukit Batok at NEGATIVE $10,000.
This means that majority of the buyers in these towns have purchased units below the computer generated market value.
Source: SRX