HDB Resale Prices decrease by 0.6%; Volume increases by 1.8%. | Singapore Property News

HDB Resale Prices decrease by 0.6%; Volume increases by 1.8%.

03 Aug 2017
Property Data
1. HDB resale prices decrease in July 2017. There was a decrease of 0.6% in HDB Resale prices in July 2017 compared to that of June 2017. The resale prices of HDB 5 Rooms increased by 0.1%, while HDB 3 Rooms, HDB 4 Rooms and HDB Executive decreased by 1.2%, 0.5% and 0.8% respectively.




According to the SRX Property Price Index for HDB Resale:

  • Year-on-year, prices have decreased by 1.6% from July 2016;
  • Prices have declined by 12.2% since the peak in April 2013;
  • The resale price was revised from -0.1% to -0.2% change in June 2017.



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

  • In July 2017, HDB resale prices in mature and non-mature estates decreased by 1.3% and 0.1% respectively;
  • Year-on-year, prices in mature estates have decreased by 0.5% from July 2016;
  • Year-on-year, prices in non-mature estates have decreased by 2.4% from July 2016;

2. Resale volume increases in July 2017. According to HDB resale data compiled by SRX Property, 1,785 HDB resale flats were sold in July 2017, a 1.8% increase from 1,753 transacted units in June 2017.


  • Year-on-year, resale volume increased by 12.2% compared to 1,591 units resold in July 2016.
  • Resale volume was down by 51.1% compared to its peak of 3,649 units in May 2010.

3.Overall median Transaction Over X-Value (T-O-X) is NEGATIVE $1,100 in July 2017. According to SRX Property, the median T-O-X for HDB was NEGATIVE $1,100 in July 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 $1,100 in July 2017, decreased by $100 compared to the figure in June 2017;
  • Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in July 2017 were NEGATIVE $1,000, NEGATIVE $1,600, ZERO and NEGATIVE $2,000 respectively.

4. Kallang/Whampoa posts the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in July 2017, Kallang/Whampoa reported the highest median TOX of POSITIVE $9,500 followed by POSITIVE $8,000 in Sembawang.

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


5. Among relatively active towns, Bukit Batok posts the most negative median T-O-X. Among HDB towns having more than 10 resale transactions with T-O-X in July 2017, the lowest median T-O-X was in Bukit Batok at NEGATIVE $13,000, followed by Bukit Merah, Toa Payoh and Woodlands at NEGATIVE $8,000.

This means that majority of the buyers in these towns have purchased units below the computer generated market value.
combines advanced technology with personalized service to help you achieve your property goals.