Forgot your password?

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


Achieve the life you want, in the home you love
Property Data03 Jan 2019

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

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.



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%.


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.


  • 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.


  • 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.

Like this article? Share it.
mySG Home
Your Digital Home
Track Your Home. Discover Your Wealth
The free, personalized advice, advocacy, and guidance for buying or renting property in Singapore
Property Data 13 February
Non-Landed Private Residential Rents Increase by 1.9% and HDB Rents Increase by 0.3% in January 2019
Both Non-Landed Private Residential Rents and HDB Rents Increased in January 2019
Property Data 12 February
Non-Landed Private Residential Resale Prices Decrease by 0.3% and Resale Volume Decreases by 1.1% in January 2019
Non-Landed Private Residential Resale Prices and Volume Decreased in January 2019
Property Data 09 January
Non-Landed Private Residential Rents Decrease by 0.2% and HDB Rents Increase by 0.6% in December 2018
Non-Landed Private Residential Rents Decreased but HDB Rents Increased 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
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.