1. HDB resale prices decrease in June 2017. There was a decrease of 0.1% in HDB Resale prices in June 2017 compared to that of May 2017. The resale prices of HDB Executive increased by 1.7%, while HDB 3 Rooms , HDB 4 Rooms and HDB 5 Rooms decreased by 0.2%, 0.3% and 1.5% respectively.
According to the SRX Property Price Index for HDB Resale:
2. Resale volume decreases in June 2017. According to HDB resale data compiled by SRX Property, 1,753 HDB resale flats were sold in June 2017, a 11.6% decrease from 1,984 transacted units in May 2017.
3. Overall median Transaction Over X-Value (T-O-X) is NEGATIVE $1,000 in June 2017. According to SRX Property, the median T-O-X for HDB was NEGATIVE $1,000 in June 2017. The median T-O-X for HDB measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.
This means that majority of the buyers in these towns have purchased units above the computer-generated market value.
5. Among relatively active towns, Toa Payoh post the most negative median T-O-X. Among HDB towns having more than 10 resale transactions with T-O-X in June 2017, the lowest median T-O-X was in Toa Payoh at NEGATIVE $17,000, followed by Punggol at NEGATIVE $8,000.
This means that majority of the buyers in these towns have purchased units below the computer generated market value.
According to the SRX Property Price Index for HDB Resale:
- Year-on-year, prices have decreased by 0.2% from June 2016;
- Prices have declined by 11.7% since the peak in April 2013;
- There is no price revision to the -0.1% change in May 2017.
According to the SRX Property Price Sub-Indices for HDB Resale:
- In June 2017, HDB resale prices in mature estates increased by 0.8%, while non-mature estates decreased by 0.9%;
- Year-on-year, prices in mature estates have increased by 1.7% from June 2016;
- Year-on-year, prices in non-mature estates have decreased by 1.7% from June 2016;
2. Resale volume decreases in June 2017. According to HDB resale data compiled by SRX Property, 1,753 HDB resale flats were sold in June 2017, a 11.6% decrease from 1,984 transacted units in May 2017.
- Year-on-year, resale volume decreased by 5.0% compared to 1,846 units resold in June 2016.
- Resale volume was down by 52.0% compared to its peak of 3,649 units in May 2010.
3. Overall median Transaction Over X-Value (T-O-X) is NEGATIVE $1,000 in June 2017. According to SRX Property, the median T-O-X for HDB was NEGATIVE $1,000 in June 2017. 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 NEGATIVE $1,000 in June 2017, increased by $1,000 compared to the figure in May 2017;
- Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in June 2017 were NEGATIVE $2,000, ZERO, NEGATIVE $4,000 and NEGATIVE $2,000 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, Toa Payoh post the most negative median T-O-X. Among HDB towns having more than 10 resale transactions with T-O-X in June 2017, the lowest median T-O-X was in Toa Payoh at NEGATIVE $17,000, followed by Punggol at NEGATIVE $8,000.
This means that majority of the buyers in these towns have purchased units below the computer generated market value.