HDB Resale Prices Continue Rising for Seventh Straight Month in January 2021, Volume Crosses 2,500 Transactions | Singapore Property News

HDB Resale Prices Continue Rising for Seventh Straight Month in January 2021, Volume Crosses 2,500 Transactions

04 Feb 2021
Property Data
1.HDB resale price increases 1.7% in January 2021 compared to December 2020. Mature and Non-Mature Estates prices increase 1.6% and 1.9% respectively, as compared to December 2020. In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increase by 2.3%, 1.7%, 1.6% and 0.6% respectively.

hdb resale price index 2021 january

hdb resale price index by property type 2021 january

hdb resale median price 2021 january

According to the SRX Property Price Index for HDB Resale:

  • Year-on-year, the overall price increase is 7.7%.
  • Year-on-year, prices for all room types increase in January 2021: 3 Room by 7.4%, 4 Room by 7.3%, 5 Room by 6.8% and Executive by 5.3%.
  • Mature and Non-Mature Estates prices increase by 6.0% and 8.9% respectively from a year ago.
  • January 2021 prices are 7.0% lower than the peak in April 2013.
hdb mature and non mature estate price index 2021 january

hdb mature and non mature estate price index2 2021 january

2.2,501 HDB resale transactions in January 2021, representing a 0.5% increase from December 2020.
hdb resale volume 2021 january
  • Year-on-year, resale volume in January 2021 is 30.3% higher than the previous year.
  • Breaking down by room types, in January 2021, 41.7% of the volume comes from HDB 4 Room, 26.2% from 5 Room, 21.5% from 3 Room and 9.0% from Executive. The rest are from 2 Room.

3. The highest transacted price for a resale flat in the month is achieved at $1,210,000 by a 5 Room DBSS unit at Natura Loft; In Non-Mature Estates, the highest transacted price is achieved at $888,000 by an Executive Apartment unit at Hougang Central.

  • In January 2021, there are 13 HDB resale flats transacted for at least $1,000,000.
4. Overall median Transaction Over X-Value (T-O-X) is ZERO in January 2021. This represented a decrease of $1,000 from December 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 2021 january
  • HDB 3 Room registers a NEGATIVE $1,600 median T-O-X, 4 Room records a ZERO while 5 Room and Executive register POSITIVE $1,000 and $3,000, respectively.
  • Sembawang post the highest median T-O-X at POSITIVE $7,000 in January 2021, followed by Bedok at POSITIVE $5,000.
  • Bukit Merah posts the lowest median T-O-X at NEGATIVE $8,000, followed by Pasir Ris at NEGATIVE $4,500.
  • T-O-X data only include HDB towns with more than 10 resale transactions with X-Value.
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