CCR = Core Central Region
RCR = Rest of Central Region
OCR = Outside Central Region
HDB resale price decrease 0.2% in June 2020 compared to May 2020. Non-Mature Estates prices decrease by 1.0% while Mature Estates prices increase by 1.1%, as compared to May 2020. In terms of room types, 3 Room prices decline by 0.4% while 4 Room, 5 Room and Executive prices increase by 0.4%, 0.6% and 1.6% respectively.
According to the SRX Property Price Index for HDB Resale:
2,452 HDB resale transactions in June 2020, representing a 573.6% increase from May 2020.
The highest transacted price for a resale flat in the month is achieved at $1,186,888 by a 4 Room unit at The Pinnacle@Duxton; In Non-Mature Estates, the highest transacted price is achieved at $865,000 by a 5 Room unit at Hougang Street 21.
Overall median Transaction Over X-Value (T-O-X) is ZERO in June 2020. This represented a decrease of $3,000 from May 2020. The median T-O-X for HDB measures whether people are overpaying (POSITIVE T-O-X) or underpaying (NEGATIVE T-O-X) the SRX X-Value estimated market value.
A. Non-Landed Private Residential Rental Market
May 2020 rents decrease 1.4% from April 2020. CCR, RCR and OCR rents decrease by 1.6%, 1.6% and 1.2%, respectively.
Volumes increase 1.0% month-on-month. An estimated 2,881 units are rented in May 2020 as compared to 2,853 units in April 2020.
B. HDB Rental Market
May 2020 HDB rents decrease 1.3% from April 2020. Mature and Non-Mature Estates rents decrease by 1.6% and 1.0% respectively. According to room types, 3 Room, 4 Room and 5 Room rents fall by 1.8%, 0.6% and 1.5% respectively, while Executive Room rents remain stable.
According to the SRX Property Price Index for HDB Rentals:
Volumes decrease 4.2% month-on-month. An estimated 1,147 HDB flats are rented in May 2020 versus 1,197 units in April 2020.
RCR prices increase by 1.7%, while CCR and OCR prices decrease by 0.2% and 0.5% in May 2020.
According to the SRX Price Index for Non-Landed Private Residential Resale::
An estimated 171 units were resold in May 2020, similar to the levels seen in Financial Crisis of 2009. May’s resale volume is a 43.0% decrease from the 300 units resold in April 2020.
The highest transacted price for a resale unit in the month is achieved at $10.6 million at Nassim Park Residences.
Overall Transaction Over X-Value (T-O-X) is NEGATIVE $10,000 in May 2020. This represented a $1,000 increase as compared to April 2020. The median T-O-X for Non-Landed Private Residential measures whether people are overpaying (POSITIVE T-O-X) or underpaying (NEGATIVE T-O-X) the SRX X-Value estimated market value.
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