SRX eXpress

Achieve the life you want, in the home you love
Property Data09 Jan 2020

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

1. HDB resale prices decrease by 0.3% in December 2019 over November 2019.  
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.

hdb resale price index 2019 december
hdb resale price index by property type 2019 december
hdb resale median price 2019 december

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%.
hdb mature and non mature estate price index 2019 december

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

  • 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 median transaction over xvalue 2019 december
  • 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.
Like this article? Share it.
SRX eXpress
Property Data 15 January
NLP And HDB See Higher Rents, Bigger Volume In 2019 vs 2018
For the whole of 2019, non-landed private rents and HDB rents rise by 3.7% and 1.3% respectively.
Property Data 09 January
HDB Resale Prices Up 0.4% For 2019; Total Volumes 3.4% Higher. Resale Prices And Volumes Eased In December vs November.
HDB resale prices decrease by 0.3% in December 2019 over November 2019. 1,858 HDB resale transactions in December 2019, representing a 3.0% decrease from previous month.
Property Data 11 December
NLP Rents Increase Despite 4 Consecutive Months of Lower Volume; HDB Rents Decrease Slightly.
NLP rents increase 1.2% from October 2019, while HDB rents decrease 0.1% from the previous month.
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
Sevi
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.