Forgot your password?
or

Don't have an account? Create An Account

For agents interested in participating on SRX, please contact us at +65 6635 3388 or write to us at feedback@srx.com.sg

ON TRACK

Achieve the life you want, in the home you love
Property Data03 May 2018

HDB Resale Prices decrease by 0.8%; Volume slides down by 2.5 %

1. HDB resale prices decrease in April 2018. There was a decrease of 0.8% in HDB Resale prices in April 2018 compared to that of March 2018. The resale prices of HDB 3 Rooms, HDB 4 Rooms, HDB 5 Rooms and HDB Executive decreased by 0.3%, 0.4%, 0.5% and 1.2% respectively.

1

2

3

According to the SRX Property Price Index for HDB Resale:

  • Year-on-year, prices have decreased by 2.4% from April 2017;
  • Prices have declined by 13.5% since the peak in April 2013;
  • There was no price change revision at 0.8% in March 2018.

 4

5

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

  •  In April 2018, HDB resale prices went down in both mature and non-mature estates by 1.5% and 0.2% respectively;
  •  Year-on-year, prices in mature estates have decreased by 2.3% from April 2017;
  •  Year-on-year, prices in non-mature estates have decreased by 2.5% from April 2017;

2. Resale volume decreases in April 2018. According to HDB resale data compiled by SRX Property, 1,850 HDB resale flats were sold in April 2018, a 2.5% decrease from 1,897 transacted units in March 2018.

6
  • Year-on-year, resale volume has increased by marginal 0.8% compared to 1,836 units resold in April 2017.
  • Resale volume was down by 49.3% 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 April 2018. According to SRX Property, the median T-O-X for HDB was NEGATIVE $1,000 in April 2018The median T-O-X for HDB measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.

7

  • Overall Median T-O-X was NEGATIVE $1,000 in April 2018, increased by $1,000 compared to the figure in March 2018;
  • Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in April 2018 were NEGATIVE $1,000, NEGATIVE $1,500, ZERO and POSITIVE $11,500 respectively.

4. Toa Payoh posts the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in April 2018, Toa Payoh reported the highest median TOX of POSITIVE $11,000 followed by POSITIVE $10,500 in Clementi.

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

5. Among relatively active towns, Choa Chu Kang and Bukit Merah post the most negative median T-O-X. Among HDB towns having more than 10 resale transactions with T-O-X in April 2018, the lowest median T-O-X was in Choa Chu Kang and Bukit Merah at NEGATIVE $9,000, followed by Serangoon at NEGATIVE $8,000.

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


Like this article? Share it.
mySG Home
Your Digital Home
Track Your Home. Discover Your Wealth
MY PROPERTY
CONCIERGE
The free, personalized advice, advocacy, and guidance for buying or renting property in Singapore
ON TRACK
Property Data 14 November
Non-Landed Private Residential Rents Decrease by 0.7% and HDB Rents Increase by 0.3% in October 2018
Non-Landed Private Residential Rents Decreased but HDB Rents Increased in October 2018
Property Data 13 November
Non-Landed Private Residential Resale Prices Decrease by 0.4% and Resale Volume Increases by 3.7% in October 2018
Non-Landed Private Residential Resale Prices Decreased but Resale Volume Increased in October 2018
Property Data 08 November
HDB Resale Prices Decrease by 0.2% and Resale Volume Decreases by 0.3% in October 2018
Both HDB Resale Prices and Resale Volume Decreased in October 2018
Property Data 10 October
Non-Landed Private Residential Rents Decrease by 0.4% and HDB Rents Decrease by 0.5% in September 2018
Both Non-Landed Private Residential Rents and HDB Rents Decreased in December 2018

Contact Us

Hello Singapore! I'm Sevi. Ask me any property question.
Chat with Sevi
Sevi - AI Bot
Replies in seconds
Need to speak to someone? 6635-3388
Sevi
I'm Sevi, your personal assistant.

You can ask me basic property questions about transactions, listings, project info and X-value.

Some Examples:

1. Where is Gem Residences located?
2. Are there listings in Hillview Regency for 3 bedrooms and budget of $1.5m?
3. For how much can I sell my property?
4. What are the latest transactions in Bayshore Park?
5. Is it cheaper to buy HDB in Tampines or Jurong East?
6. What is the plot ratio for The Sail?
7. How many blocks are there in Ang Mo Kio Ave 3?

Type RESET or HELP whenever you need.