Year-on-Year, prices inched down 0.1% compared to March last year.
Observations:
According to the SRX Property Price Index for HDB Resale:
- Year-on-year, prices have decreased by 0.1% from March 2016;
- Prices have declined by 11.2% since the peak in April 2013;
- There is no price revision to the -0.3% change in Feb 2017.
According to the SRX Property Price Sub-Indices for HDB Resale:
- In March 2017, HDB resale prices in mature estates increased by 0.3%, while non-mature estates increased by 0.2%;
- Year-on-year, prices in mature estates have increased by 1.3% from March 2016;
- Year-on-year, prices in non-mature estates have decreased by 1.8% from March 2016;
2. Resale volume increases in March 2017. According to HDB resale data compiled by SRX Property, 1,910 HDB resale flats were sold in March 2017, a 75.4% increase from 1,089 transacted units in February 2017.
- Year-on-year, resale volume increased by 14.1% compared to 1,674 units resold in March 2016.
- Resale volume was down by 47.7% compared to its peak of 3,649 units in May 2010.
- Overall Median T-O-X was ZERO in March 2017, increased by $2,000 compared to the figure in February 2017;
- Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in March 2017 were NEGATIVE $1,000, POSITIVE $500, POSITIVE $1,000 and POSITIVE $500 respectively.
This means that majority of the buyers in these towns have purchased units above the computer-generated market value.
5. Among relatively active towns, Jurong East posts the most negative median T-O-X. Among HDB towns having more than 10 resale transactions with T-O-X in March 2017, the lowest median T-O-X was in Jurong East at NEGATIVE $13,000, followed by Choa Chu Kang at NEGATIVE $6,000.This means that majority of the buyers in these towns have purchased units below the computer generated market value.