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Property Data09 May 2019

HDB Resale Volume Increases By 16.5% in April 2019; Prices Ease Slightly

1. HDB resale prices decrease by 0.4% in April 2019 over March 2019. Only HDB 4 Rooms prices increased, rising by 0.2%, while HDB 3 Rooms, 5 Rooms and Executive prices dropped by 1.6%, 0.2% and 1.6% respectively. Mature and Non-Mature Estates decreased by 0.7% and 0.1% compared to March 2019.


According to the SRX Property Price Index for HDB Resale:

  •  Year-on-year, prices in April 2019 decreased by 0.6%.
  •  Prices in April 2019 were down by 14.0% from the peak in April 2013.
  •  Mature Estates recorded a year-on-year price decrease of 1.4% while Non-Mature Estates remained stagnant

2. 1,931 HDB resale flats were sold in April 2019, representing a 16.5% increase from 1,657 transacted units in March 2019. Year-on-year, resale volume in April 2019 was 4.3% higher than in the previous year.


3. Overall median Transaction Over X-Value (T-O-X) is NEGATIVE $1,000 in April 2019, representing a decrease of $1,000 as compared to March 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. 

  •  Median T-O-X for HDB 5 Rooms and Executives were POSITIVE $3,000 and $2,000 respectively in April 2019, while HDB 3 Rooms and 4 Rooms recorded NEGATIVE $2,000 and $1,000 respectively.

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

5. Ang Mo Kio posts the lowest median T-O-X at NEGATIVE $7,500followed by Clementi and Queenstown at NEGATIVE $7,000 (for HDB towns having more than 10 resale transactions).
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