1. HDB resale price decrease 0.2% in June 2020 compared to May 2020. Non-Mature Estates prices decrease by 1.0% while Mature Estates prices increase by 1.1%, as compared to May 2020. In terms of room types, 3 Room prices decline by 0.4% while 4 Room, 5 Room and Executive prices increase by 0.4%, 0.6% and 1.6% respectively.
According to the SRX Property Price Index for HDB Resale:
2. 2,452 HDB resale transactions in June 2020, representing a 573.6% increase from May 2020.
3. The highest transacted price for a resale flat in the month is achieved at $1,186,888 by a 4 Room unit at The Pinnacle@Duxton; In Non-Mature Estates, the highest transacted price is achieved at $865,000 by a 5 Room unit at Hougang Street 21.
4. Overall median Transaction Over X-Value (T-O-X) is ZERO in June 2020. This represented a decrease of $3,000 from May 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.
According to the SRX Property Price Index for HDB Resale:
- Prices in June 2020 are 0.8% higher than the preceding year and 0.2% lower than May 2020.
- June 2020 prices are 13.2% lower than the peak in April 2013.
- Prices for most room types remain higher than a year ago: 4 Room by 1.9%, 5 Room by 1.2% and Executive by 0.4%. Prices for 3 Room flats, however, decrease by 1.1% year-on-year.
- Year-on-year, Non-Mature Estates prices increase by 2.1% while Mature Estates prices decrease by 1.2%.
2. 2,452 HDB resale transactions in June 2020, representing a 573.6% increase from May 2020.
- Year-on-year, resale volume in June 2020 is 26.7% higher than the previous year.
- Breaking down by room types, in June 2020, 40.3% of the volume comes from HDB 4 Room, 26.3% from 3 Room, 24.1% from 5 Room and 7.4% from Executive. The rest are from 2 Room.
3. The highest transacted price for a resale flat in the month is achieved at $1,186,888 by a 4 Room unit at The Pinnacle@Duxton; In Non-Mature Estates, the highest transacted price is achieved at $865,000 by a 5 Room unit at Hougang Street 21.
- In June 2020, there are eight HDB resale flats transacted for at least $1,000,000.
4. Overall median Transaction Over X-Value (T-O-X) is ZERO in June 2020. This represented a decrease of $3,000 from May 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.
- HDB 3 Room registers a ZERO median T-O-X, 4 Room records a POSITIVE $1,000 while 5 Room and Executive record a NEGATIVE $1,600 and a NEGATIVE $2,000, respectively.
- Bukit Batok posts the highest median T-O-X at POSITIVE $5,000 in June 2020, followed by Woodlands at POSITIVE $4,000.
- Bukit Merah posts the lowest median T-O-X at NEGATIVE $8,800, followed by both Pasir Ris and Jurong West at NEGATIVE $5,000.
- T-O-X data only include HDB towns with more than 10 resale transactions with X-Value.