1. HDB resale price index 0.1% higher in May 2020 over April 2020. 3 Room and 4 Room increase by 1.4% and 0.3% respectively, while 5 Room and Executive prices decline by 1.1% and 0.6% respectively. In terms of town maturity, Non-Mature Estates prices increase by 0.9% while Mature Estates prices decrease by 1.1%, as compared to April 2020.
According to the SRX Property Price Index for HDB Resale:
2. 364 HDB resale transactions in May 2020, representing a 13.9% decrease from April 2020.
3. The highest transacted price for a resale flat in the month is achieved at $1,140,000 by a 5 Room unit at Tiong Bahru View in Bukit Merah; In Non-Mature Estates, the highest transacted price is achieved at $780,000 by a 5 Room unit at Parkland Residences in Hougang.
4. Overall median Transaction Over X-Value (T-O-X) is POSITIVE $3,000 in May 2020. This represented an increase of $3,000 from April 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 X-Value estimated market value.
- Prices in May 2020 are 1.3% higher than the preceding year and 0.1% higher than April 2020.
- May 2020 prices are 13.1% lower than the peak in April 2013.
- Prices for most room types remain higher than a year ago: 4 Room by 1.5%, 5 Room by 1.1% and Executive by 0.2%. Prices for 3 Room flats, however, decrease by 0.3% year-on-year.
- Year-on-year, Non-Mature Estates prices increase by 3.4% while Mature Estates prices decrease by 1.8%.
2. 364 HDB resale transactions in May 2020, representing a 13.9% decrease from April 2020.
- Year-on-year, resale volume in May 2020 is 82.7% lower than the previous year.
- Breaking down by room types, in May 2020, 35.7% of the volume comes from HDB 4 Room, 29.1% from 5 Room, 23.4% from 3 Room and 9.3% from Executive. The rest are from 1 Room and 2 Room.
3. The highest transacted price for a resale flat in the month is achieved at $1,140,000 by a 5 Room unit at Tiong Bahru View in Bukit Merah; In Non-Mature Estates, the highest transacted price is achieved at $780,000 by a 5 Room unit at Parkland Residences in Hougang.
- In May 2020, there are two HDB resale flats transacted for at least $1,000,000.
4. Overall median Transaction Over X-Value (T-O-X) is POSITIVE $3,000 in May 2020. This represented an increase of $3,000 from April 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 X-Value estimated market value.
- Both HDB 3 Room and 4 Room record POSITIVE $3,000 median T-O-X while 5 Room records a POSITIVE $2,000 and Executive posts a NEGATIVE $1,000.
- Choa Chu Kang posts the highest median T-O-X at POSITIVE $4,500 in May 2020,
- Yishun and Sengkang post the lowest median T-O-X at POSITIVE $1,000.
- T-O-X data only include HDB towns with more than 10 resale transactions with X-Value.