1. HDB resale prices inch up in August 2017. There was an increase of 0.1% in HDB Resale prices in August 2017 compared to that of July 2017. The resale prices of HDB 4 Rooms, HDB 5 Rooms and HDB Executive increased by 0.4%, 0.2% and 0.4% respectively, while HDB 3 Rooms decreased by 0.4%.
3. Overall median Transaction Over X-Value (T-O-X) is ZERO in August 2017. According to SRX Property, the median T-O-X for HDB was ZERO in August 2017. The median T-O-X for HDB measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.
4. Serangoon posts the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in August 2017, Serangoon reported the highest median TOX of POSITIVE $11,000 followed by POSITIVE $6,000 in Bukit Panjang.
According to the SRX Property Price Index for HDB Resale:
- Year-on-year, prices have decreased by 0.7% from August 2016;
- Prices have declined by 12.1% since the peak in April 2013;
- There was no revision to the -0.6% price change in July 2017.
According to the SRX Property Price Sub-Indices for HDB Resale:
- In August 2017, HDB resale prices in mature estates remained unchanged and non-mature estates increased by 0.3 %;
- Year-on-year, prices in mature estates have decreased by 0.2% from August 2016;
- Year-on-year, prices in non-mature estates have decreased by 1.1% from August 2016;
2. Resale volume increases in August 2017. According to HDB resale data compiled by SRX Property, 1,957 HDB resale flats were sold in August 2017, a 9.6% increase from 1,785 transacted units in July 2017.
- Year-on-year, resale volume increased by 3.0% compared to 1,900 units resold in August 2016.
- Resale volume was down by 46.4% compared to its peak of 3,649 units in May 2010.
3. Overall median Transaction Over X-Value (T-O-X) is ZERO in August 2017. According to SRX Property, the median T-O-X for HDB was ZERO in August 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 ZERO in August 2017, increased by $1,100 compared to the figure in July 2017;
- Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in August 2017 were NEGATIVE $2,000, ZERO, POSITIVE $1000 and POSITIVE $3,000 respectively.
4. Serangoon posts the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in August 2017, Serangoon reported the highest median TOX of POSITIVE $11,000 followed by POSITIVE $6,000 in Bukit Panjang.
This means that majority of the buyers in these towns have purchased units above the computer-generated market value.
This means that majority of the buyers in these towns have purchased units below the computer generated market value.
5. Among relatively active towns, Hougang posts the most negative median T-O-X. Among HDB towns having more than 10 resale transactions with T-O-X in August 2017, the lowest median T-O-X was in Hougang at NEGATIVE $7,000, followed by Pasir Ris at NEGATIVE $6,000.
This means that majority of the buyers in these towns have purchased units below the computer generated market value.