HDB Resale Prices Up 0.4% For 2019; Total Volumes 3.4% Higher. Resale Prices And Volumes Eased In December vs November.

HDB 3 Room, 4 Room and 5 Room experience monthly price decreases of 0.8%, 0.4% and 0.1%. Meanwhile, HDB Executive prices increase by 0.5%. Both Mature and Non-Mature Estates prices decrease by 0.4% and 0.2%, respectively, as compared to November 2019.





According to the SRX Property Price Index for HDB Resale:

• Prices in December 2019 are 0.4% higher from preceding year.
• December 2019 prices are 14.0% lower than the peak in April 2013.
• Year-on-year, except for 3 Room which decreases by 2.2%, all room types experience price increases: Executive by 3.8%, 5 Room by 0.6% and 4 Room by 0.5%.
• Year-on-year, Mature Estates prices decrease 1.4% while Non- Mature Estates prices increase 1.6%.

2. 1,858 HDB resale transactions in December 2019, representing a 3.0% decrease from November 2019.

• Year-on-year, resale volume in December 2019 is 29.6% higher than the previous year.
• A total of 22,477 HDB resale transactions are recorded in 2019, which is 3.4% higher than 2018.
• Breaking down by room types, in December 2019, 41.3% of the volume comes from HDB 4 Room, 25.8% from 3 Room, 23.3% from 5 Room and 7.7% from Executive. The rest are from 2 Room.

3. The highest transacted price for a resale flat in the month was achieved at $1,056,800 by a 4-Room unit at Pinnacle@Duxton; In Non-Mature Estates, the highest transacted price was achieved at $871,000 by a 5-Room Premium Apartment Loft unit at Treelodge@Punggol.

4. Overall median Transaction Over X-Value (T-O-X) is POSITIVE $1,000 in December 2019. This represented an increase of $2,000 from November 2019. 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.

• HDB Executive experiences POSITIVE $15,000 median T-O-X, while both HDB 3 Room and 4 Room record POSITIVE $1,000 and 5 Room record NEGATIVE $2,000.
• Serangoon posts the highest median T-O-X at POSITIVE $40,000 in December 2019, followed by Bukit Merah at POSITIVE $16,000.
• Bishan posts the lowest median T-O-X at NEGATIVE $6,000, followed by Punggol at NEGATIVE $5,600.
• T-O-X data only include HDB towns with more than 10 resale transactions with X-Value.

5. An estimated 4,785 flats will become eligible to join the HDB resale market in the next three months, based on SRX data, as these units approach their respective official 5-year Minimum Occupation Period.