1. HDB resale prices decrease in October 2017. There was a decrease of 0.3% in HDB Resale prices in October 2017 compared to that of September 2017. The resale prices of HDB 3 Rooms and HDB 5 Rooms increased by 0.5% and 0.2% respectively, while HDB 4 Rooms remained the same and HDB Executive decreased by 0.9%.
2. Resale volume increases in October 2017. According to HDB resale data compiled by SRX Property, 1,781 HDB resale flats were sold in October 2017, a 5.9% increase from 1,681 transacted units in September 2017.
3. Overall median Transaction Over X-Value (T-O-X) is NEGATIVE $1,000 in October 2017. According to SRX Property, the median T-O-X for HDB was NEGATIVE $1,000 in October 2017. The median T-O-X for HDB measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.
4. Bukit Timah posts the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in October 2017, Bukit Timah reported the highest median TOX of POSITIVE $53,000 followed by POSITIVE $5,500 in Bukit Merah.
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.
According to the SRX Property Price Index for HDB Resale:
- Year-on-year, prices have decreased by 1.9% from October 2016;
- Prices have declined by 12.5% since the peak in April 2013;
- There was no price change revision in September 2017.
According to the SRX Property Price Sub-Indices for HDB Resale:
- In October 2017, HDB resale prices in mature estates went down by 0.8% and non-mature estates increased by 0.1 %;
- Year-on-year, prices in mature estates have decreased by 0.5% from October 2016;
- Year-on-year, prices in non-mature estates have decreased by 3.1% from October 2016;
2. Resale volume increases in October 2017. According to HDB resale data compiled by SRX Property, 1,781 HDB resale flats were sold in October 2017, a 5.9% increase from 1,681 transacted units in September 2017.
- Year-on-year, resale volume has increased by 5.0% compared to 1,696 units resold in October 2016.
- Resale volume was down by 51.2% 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 October 2017. According to SRX Property, the median T-O-X for HDB was NEGATIVE $1,000 in October 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 October 2017, increased by $1,000 compared to the figure in September 2017;
- Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in October 2017 were NEGATIVE $1,000, NEGATIVE $2,000, POSITIVE $2,000 and ZERO respectively.
4. Bukit Timah posts the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in October 2017, Bukit Timah reported the highest median TOX of POSITIVE $53,000 followed by POSITIVE $5,500 in Bukit Merah.
This means that majority of the buyers in these towns have purchased units above the computer-generated market value.
5. Among relatively active towns, Bishan posts the most negative median T-O-X. Among HDB towns having more than 10 resale transactions with T-O-X in October 2017, the lowest median T-O-X was in Bishan at NEGATIVE $22,000, followed by Marine Parade at NEGATIVE $9,000.
This means that majority of the buyers in these towns have purchased units below the computer generated market value.