Ready to Buy, Sell or Rent?
Download App to transact.
Details
Forgot your password?
or

Don't have an account? Create An Account

For agents interested in participating on SRX, please contact us at +65 6635 3388 or write to us at feedback@srx.com.sg

Shortlisted Properties

X
Project Name Price Size PSF Type Remove
Save to PDF

SRX Research

HDB Resale Prices decrease 0.3% m-o-m in Jan 2017; Volume decreases by 13.9%

Posted on 09 Feb 2017

Share
Tweet
Whatsapp
Shares
Like this post on Facebook:
Compared to the same month last year, prices inch down 0.1% in Jan.

1. HDB resale prices decrease in January 2017. There was a decrease of 0.3% in HDB Resale prices in January 2017 compared to that of December 2016. The resale prices of HDB 3 Rooms, HDB 4 Rooms decreased by 0.6% and 0.5% respectively, while HDB 5 Rooms and HDB Executive increased by 0.4% and 0.9% respectively.
HDB Price Index
SPI by Property Type
Median Resale Price

According to the SRX Property Price Index for HDB Resale:

  • Year-on-year, prices have decreased by 0.1% from January 2016;
  • Prices have declined 11.2% since the peak in April 2013;
Mature and Non Mature Estates

Mature and Non Mature Estates 2

According to the SRX Property Price Sub-Indices for HDB Resale:

  • In January 2017, HDB resale prices in mature estates decreased by 0.7%, while non-mature estates remained the same;
  • Year-on-year, prices in mature estates have increased by 0.7% from January 2016;
  • Year-on-year, prices in non-mature estates have decreased by 0.8% from January 2016;

2. Resale volume decreases in January 2017
.
According to HDB resale data compiled by SRX Property, 1,174 HDB resale flats were sold in January 2017, a 13.9% decrease from 1,364 transacted units in December 2016.
HDB Resale Volume
  • Year-on-year, resale volume decreased by 8.9% compared to 1,289 units resold in January 2016.
  • Resale volume was down by 67.8% compared to its peak of 3,649 units in May 2010.

3. Overall median Transaction Over X-Value (T-O-X) is NEGATIVE $3000 in January 2017.
 According to SRX Property, the median T-O-X for HDB was NEGATIVE $3000 in January 2017. The median T-O-X for HDB measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.
HDB Resale Median TOX
  • Overall Median T-O-X was NEGATIVE $3000 in January 2017, decreased by $3,000 compared to the figure in December 2016;
  • Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in January 2017 were NEGATIVE $3,000, NEGATIVE $4,000, $2,400 and NEGATIVE $10,500 respectively.

4. Geylang posts the highest median T-O-X
.
For HDB towns having more than 10 resale transactions with T-O-X in January 2017, Geylang reported the highest median TOX of POSITIVE $5,500 followed by POSITIVE $4,000 in Tampines.

This means that majority of the buyers in these towns have purchased units above the computer-generated market value.

5. Among relatively active towns, Punggol posts the most negative median T-O-X. Among HDB towns having more than 10 resale transactions with T-O-X in January 2017, the lowest median T-O-X was in Punggol at NEGATIVE $8,500, followed by Yishun and Toa Payoh at NEGATIVE $8,000.

Share
Tweet
Whatsapp
Like this post on Facebook:
Share on Facebook
Hello Singapore! I'm Sevi. Ask me any property question.
Chat with Sevi
Sevi - AI Bot
Replies in seconds
Need to speak to someone? 6635-3388
Sevi
I'm Sevi, your personal assistant.

You can ask me basic property questions about transactions, listings, project info and X-value.

Some Examples:

1. Where is Gem Residences located?
2. Are there listings in Hillview Regency for 3 bedrooms and budget of $1.5m?
3. For how much can I sell my property?
4. What are the latest transactions in Bayshore Park?
5. Is it cheaper to buy HDB in Tampines or Jurong East?
6. What is the plot ratio for The Sail?
7. How many blocks are there in Ang Mo Kio Ave 3?

Type RESET or HELP whenever you need.