HDB Resale Volume and Price Continue Strong Year-on-Year Increase in August 2020 | Singapore Property News

HDB Resale Volume and Price Continue Strong Year-on-Year Increase in August 2020

03 Sep 2020
Property Data
1. HDB resale price increase 0.7% in August 2020 compared to July 2020. Mature and Non-Mature Estates prices increase 1.0% and 0.6% respectively, as compared to July 2020.  In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increase by 0.8%, 0.6%, 0.1% and 0.8% respectively.

hdb resale price index 2020 august

hdb resale price index by property type 2020 august

hdb resale median price 2020 august

According to the SRX Property Price Index for HDB Resale:
  • Prices in August 2020 are 2.1% higher than the preceding year.
  • August 2020 prices are 12.1% lower than the peak in April 2013.
  • Prices for all room types are higher than a year ago: 3 Room by 1.2%, 4 Room by 2.7%, 5 Room by 1.8% and Executive by 2.2%.
  • Year-on-year, Mature and Non-Matures Estates prices increase by 0.2% and 3.3% respectively.
hdb mature and non mature estate price index 2020 august
hdb mature and non mature estate price index2 2020 august

2. 2,435 HDB resale transactions in August 2020, representing a 1.4% decrease from July 2020.

hdb resale volume 2020 august
  • Year-on-year, resale volume in August 2020 is 23.5% higher than the previous year.
  • Breaking down by room types, in August 2020, 40.3% of the volume comes from HDB 4 Room, 26.0% from 5 Room, 23.2% from 3 Room and 8.8% from Executive. The rest are from 2 Room and Multi-Gen.

3. The highest transacted price for a resale flat in the month is achieved at $1,185,000 by a 5 Room unit at The Pinnacle@Duxton; In Non-Mature Estates, the highest transacted price is achieved at $890,000 by an Executive Maisonette unit at Hougang St 21.
  • In August 2020, there are five 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 August 2020. This represented an increase of $2,000 from July 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 median transaction over xvalue 2020 august
  • HDB 3 Room registers a ZERO T-O-X while 4 Room, 5 Room and Executive record POSITIVE $4,000, $3,000 and $8,400 T-O-X respectively.
  • Bukit Batok posts the highest median T-O-X at POSITIVE $10,500 in August 2020, followed by Choa Chu Kang at POSITIVE $10,000.
  • Kallang/Whampoa posts the lowest median T-O-X at NEGATIVE $4,000, followed by Bedok, Pasir Ris and Punggol at NEGATIVE $3,000.
  • T-O-X data only include HDB towns with more than 10 resale transactions with X-Value.
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