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Property Data04 Apr 2019

HDB Resale Volume Jumps 26% In March 2019. Prices Also Rise, With SRX SPI For HDB Resale At Its Highest Level Since August 2018

1. HDB resale prices increase by 0.2% in March 2019 over February 2019. HDB 3 Rooms and Executives prices rise by 0.8% and 0.4% respectively, while the prices of 4 Rooms and 5 Rooms both dropped by 0.2%. Those located in Mature Estates decreased by 0.1%, however, those in Non-Mature Estates increased by 0.5% as compared to February 2019.

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According to the SRX Property Price Index for HDB Resale:

  •  Year-on-year, prices in March 2019 decreased by 1.0%
  •  Prices in March 2019 were down by 13.7% from the peak in April 2013.
  •  Mature Estates and Non-Mature Estates both recorded a year-on-year price decrease of 2.2% and 0.1% respectively from March 2018.

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2. 1,657 HDB resale flats were transacted in March 2019, representing a 26.1% increase from the 1,314 units sold in February 2019. Year-on-year, resale volume in March 2019 was 12.7% lower than 1,897 units transacted in the previous year.

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3. Overall median transaction Over X-Value (T-O-X) was ZERO in March 2019. This represents an increase of $1,000 as compared to February 2019. The median T-O-X for HDB measures whether people are overpaying (POSITIVE T-O-X) or underpaying (NEGATIVE T-O-X) relative to the SRX Property X-Value estimated market value. HDB 4 Rooms, 5 Rooms, and Executive flats witnessed POSITIVE Median T-O-X $1,000, $3,000 and $4,900 respectively in March 2019. Only HDB 3 Rooms recorded a NEGATIVE $3,000 Median T-O-X.

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4. Pasir Ris posts the highest median T-O-X at POSITIVE $7,500 in March 2019, followed by Bukit Panjang at POSITIVE $7,000 (for HDB towns having more than 10 resale transactions).

5. Queenstown posts the lowest median T-O-X at NEGATIVE $11,100, followed by Jurong East at NEGATIVE $10,600 (for HDB towns having more than 10 resale transactions with T-O-X).
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Property Data 10 April
Rental Price and Volume in March 2019 Trend Upwards for Both Non-Landed Private Residential and HDB
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Property Data 09 April
SRX SPI Edges 0.1% Higher in March 2019; Non-Landed Private Residential Resale Volume Highest Since July 2018
SRX SPI Edges 0.1% Higher in March 2019; Non-Landed Private Residential Resale Volume Highest Since July 2018
Property Data 04 April
HDB Resale Volume Jumps 26% In March 2019. Prices Also Rise, With SRX SPI For HDB Resale At Its Highest Level Since August 2018
Highest HDB Resale Volume Jumps 26% In March 2019. Prices Also Rise, With SRX SPI For HDB Resale At Its Highest Level Since August 2018
Property Data 13 March
Rental Market Remains Stagnant in February 2019 for Non-Landed Private Residential and HDB. Volume in Both Markets Decreased.
Rental Market Remains Stagnant in February 2019 for Non-Landed Private Residential and HDB. Volume in Both Markets Decreased.

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