1. HDB resale price increase 0.8% in September 2020 compared to August 2020. Mature and Non-Mature Estates prices increase 1.1% and 0.7% respectively, as compared to August 2020. In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increase by 0.7%, 0.5%, 0.8% and 0.5% respectively.
According to the SRX Property Price Index for HDB Resale:
2. 2,489 HDB resale transactions in September 2020, representing a 2.2% increase from August 2020.
3. The highest transacted price for a resale flat in the month is achieved at $1,258,000 by a 5 Room unit at The Pinnacle@Duxton; In Non-Mature Estates, the highest transacted price is achieved at $900,000 by a 5 Room Premium Apartment Loft unit at Punggol Sapphire.
4. Overall median Transaction Over X-Value (T-O-X) is POSITIVE $2,000 in September 2020. This represented a decrease of $1,000 from August 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 September 2020 are 3.1% higher than the preceding year.
- September 2020 prices are 11.4% lower than the peak in April 2013.
- Prices for all room types are higher than a year ago: 3 Room by 2.5%, 4 Room by 2.7%, 5 Room by 2.2% and Executive by 2.5%.
- Year-on-year, Mature and Non-Matures Estates prices increase by 1.6% and 4.1% respectively.
2. 2,489 HDB resale transactions in September 2020, representing a 2.2% increase from August 2020.
- Year-on-year, resale volume in September 2020 is 32.7% higher than the previous year.
- Breaking down by room types, in September 2020, 42.3% of the volume comes from HDB 4 Room, 25.9% from 5 Room, 22.2% from 3 Room and 7.9% 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 $1,258,000 by a 5 Room unit at The Pinnacle@Duxton; In Non-Mature Estates, the highest transacted price is achieved at $900,000 by a 5 Room Premium Apartment Loft unit at Punggol Sapphire.
- In September 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 POSITIVE $2,000 in September 2020. This represented a decrease of $1,000 from August 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, 4 Room, 5 Room and Executive register POSITIVE $1,000, $1,000, $3,500 and $5,000 median T-O-X respectively.
- Bukit Batok posts the highest median T-O-X at POSITIVE $6,500 in September 2020, followed by Choa Chu Kang at POSITIVE $6,000.
- Bishan posts the lowest median T-O-X at NEGATIVE $7,000, followed by Bedok at NEGATIVE $5,000.
- T-O-X data only include HDB towns with more than 10 resale transactions with X-Value.