Across 26 HDB Towns, the median resale psf of an HDB flat experiences a change of -1.23% from June 2017 to July 2017.
The under-performing HDB Towns with highest decrease of resale psf comes from Clementi, followed by Serangoon and Bukit Merah with a change of -23.57%, -5.12% and -3.36%, respectively.
How much did the buyers underpay for their HDB homes?
In Clementi, the lowest Transaction-Over-Xvalue percentage is in 703 West Coast Rd at -7.62%. The deal was transacted at $400,000 when the X-Value is $433,000.
In Serangoon, the lowest Transaction-Over-Xvalue percentage is in 229 Serangoon Ave 4 at -2.73%. The deal was transacted at $428,000 when the X-Value is $440,000.
In Bukit Merah, the lowest Transaction-Over-Xvalue percentage is in 16 Taman Ho Swee at -9.62%. The deal was transacted at $310,000 when the X-Value is $343,000.
Who overpaid for their HDB Homes?
In Clementi, the highest Transaction-Over-Xvalue percentage is in 430 Clementi Ave 3 at 7.89%. The deal was transacted at $383,000 when the X-Value is $355,000.
In Serangoon, the highest Transaction-Over-Xvalue percentage is in 206 Serangoon Ctrl at 17.92%. The deal was transacted at $375,000 when the X-Value is $318,000.
In Bukit Merah, the highest Transaction-Over-Xvalue percentage is in 149 Silat Ave at 9.51%. The deal was transacted at $380,000 when the X-Value is $347,000.
What is X-Value?
X-ValueTM is a computer-generated appraisal of a home's market value. Developed with government and private funding, it sources from the nation's most comprehensive property database and instantaneously calculates a single value for every home using best practices methodologies, including comparable market analysis.
See Also: 150,000 X-Value™ Valuations per Month underscores a Growing Interest in Singapore Property
And if you are insterested in how the property market has been performing, we show you more informative trends.
As analysts are speculating that the property market is picking up, figures in SRX's X-Value requests show a strong correlation between the number of monthly X-Value requests and monthly transactions. These figures of X-Value requests can be a forward indicator of the property market activity. Read more about the analysis.
Quality Listings
Check out HDB Quality Listings (v360 Virtual Tours and X-Listing Price), floor plans, last transacted prices, nearby amenities.
RELATED: Track the value of HDB homes on srx.com.sg/tracker
