1. HDB resale prices decrease by 0.3% in March 2020 over February 2020. 3 Room and Executive prices decline by 0.9% and 0.2%, respectively while 4 Room and 5 Room prices rise by 0.2% and 0.1%, respectively. Mature Estates prices decrease by 0.8% while Non-Mature Estates prices increase by 0.1%, as compared to February 2020.
According to the SRX Property Price Index for HDB Resale:
2. 1,949 HDB resale transactions in March 2020, representing a 16.8% increase from February 2020.
3. The highest transacted price for a resale flat in the month is achieved at $1,232,000 by a 5 Room unit at The Pinnacle@Duxton; In Non-Mature Estates, the highest transacted price is achieved at $818,000 by an Executive Room unit at Toh Guan Road.
4. Overall median Transaction Over X-Value (T-O-X) is ZERO in March 2020. This represented a decrease of $2,000 from February 2020. 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.
5. An estimated 7,691 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.
According to the SRX Property Price Index for HDB Resale:
- Prices in March 2020 are 0.7% higher from preceding year.
- March 2020 prices are 13.1% lower than the peak in April 2013.
- Year-on-year, except for 3 Room which decreases by 1.8%, all room types experience price increases: 4 Room by 1.2%, 5 Room by 1.6% and Executive by 0.4%.
- Year-on-year, Mature Estates prices decrease by 1.2% while Non- Mature Estates prices increase by 2.0%.
2. 1,949 HDB resale transactions in March 2020, representing a 16.8% increase from February 2020.
- Year-on-year, resale volume in March 2020 is 17.6% higher than the previous year.
- Breaking down by room types, in March 2020, 42.0% of the volume comes from HDB 4 Room, 24.3% from 5 Room, 23.9% from 3 Room and 7.2% from Executive. The rest are from 2 Room.
3. The highest transacted price for a resale flat in the month is achieved at $1,232,000 by a 5 Room unit at The Pinnacle@Duxton; In Non-Mature Estates, the highest transacted price is achieved at $818,000 by an Executive Room unit at Toh Guan Road.
- In March 2020, there are five HDB resale flat transacted for at least $1,000,000.
4. Overall median Transaction Over X-Value (T-O-X) is ZERO in March 2020. This represented a decrease of $2,000 from February 2020. 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 3 Room and Executive record NEGATIVE $1,000 and NEGATIVE $8,000 median T-O-X, while HDB 4 Room and 5 Room record POSITIVE $1,900 and ZERO median TOX.
- Bukit Merah posts the highest median T-O-X at POSITIVE $7,500 in March 2020, followed by Jurong East at POSITIVE $6,000.
- Bishan posts the lowest median T-O-X at NEGATIVE $21,500, followed by Clementi at NEGATIVE $13,500.
- T-O-X data only include HDB towns with more than 10 resale transactions with X-Value.
5. An estimated 7,691 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.