HDB Resale Prices Decrease by 0.3% and Resale Volume Decreases by 23.9% in December 2018 | Singapore Property News

HDB Resale Prices Decrease by 0.3% and Resale Volume Decreases by 23.9% in December 2018

03 Jan 2019
Property Data
1. HDB resale prices decrease by 0.3% in December 2018. HDB resale prices decrease by 0.3% in December 2018 compared to November 2018. The resale prices of HDB 4 Rooms and HDB 5 Rooms recorded a price increase of 0.4% and 0.3% respectively, while HDB 3 Rooms and HDB Executive prices decreased by 0.4% and 2.8% respectively. Prices in Mature Estates decreased by 1.0%, while those in Non-Mature Estates increased by 0.2% as compared to November 2018.

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According to SRX Property Price Index for HDB Resale:
  • Year-on-year, prices in December 2018 decreased by 2.1% from December 2017.
  • Prices in December 2018 were down by 14.3% from its peak in April 2013.
  • In December 2018, both Mature Estates and Non-Mature Estates recorded a year-on-year price decrease of 2.9% and 1.4% respectively from December 2017.
  • Monthly change in index value for November 2018 was revised to 0.3%. from 0.2%.
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2. HDB resale volume decreases by 23.9%. 1,434 HDB resale flats were sold in December 2018. This represents a 23.9% decrease from 1,884 transacted units in November 2018.

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  • Year-on-year, resale volume in December 2018 was 9.6% lower than 1,587 units resold in December 2017.

3. Overall median Transaction Over X-Value (T-O-X) is NEGATIVE $2,000 in December 2018. The median T-O-X for HDB measures whether people are overpaying (POSITIVE T-O-X) or underpaying (NEGATIVE T-O-X) the SRX Property X-Value estimated market value.

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  • Overall Median T-O-X was NEGATIVE $2,000 in December 2018. This is a decrease of $1,000 comparing to NEGATIVE $1,000 for November 2018.
  • Median T-O-X for HDB 3 Rooms, 4 Rooms, 5 Rooms and Executive flats in December 2018 were NEGATIVE $5,000, NEGATIVE $1,000, ZERO and NEGATIVE $6,000 respectively.

4. Bishan posts the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in December 2018, Bishan posted the highest median T-O-X of POSITIVE $9,000, followed by Bukit Panjang and Hougangat POSITIVE $7,000.

5. Clementi posts the lowest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in December 2018, Clementi posted the lowest median T-O-X at NEGATIVE $12,000, followed by Serangoon atNEGATIVE $10,500.

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