Search Articles

in

Latest Related Ads

8 Saint Thomas
8 Saint Thomas (D09) Condominium, For Sale

8 St Thomas Walk -
Freehold, - Brand New,
Move In


Avant Residences
Avant Residences (D14) Apartment, For Sale

Fully Fitted Units By
Developer This time, it
is


Hillion Residences
Hillion Residences (D23) Apartment, For Rent

Available Immediately
Brand New Penthouse For
Ren



SPW Insights

HDB resale prices rise 0.5% in May from April; volume slips 5.3%: SRX

SINGAPORE - Resale prices of Housing Board flats rose 0.5 per cent in May from April, according to flash estimates released by real estate portal SRX Property on Thursday (June 7).

Posted on 07-Jun-2018

| More
HDB resale prices rise 0.5% in May from April; volume slips 5.3%: SRX

SINGAPORE - Resale prices of Housing Board flats rose 0.5 per cent in May from April, according to flash estimates released by real estate portal SRX Property on Thursday (June 7).

Prices in May have dipped 1.8 per cent from the same month last year, and are down 13.1 per cent since the peak in April 2013.

There was also a 5.3 per cent drop in the number of resale flats sold last month - to 1,753 units sold in May 2018 from 1,851 transacted units in April 2018.

Resale volume was down 52 per cent compared to the peak of 3,649 units sold in May 2010.

On a month-on-month basis, last month's resale prices of HDB four-room flats, five-room flats, and executive flats rose by 0.1 per cent, 0.5 per cent, and 1.5 per cent respectively. Meanwhile, resale prices of HDB three-room flats fell 0.1 per cent.

In May, the overall median Transaction Over X-Value (TOX) was zero, up from negative S$1,000 in the previous month.

TOX measures whether buyers are overpaying or underpaying compared with SRX Property's computer-generated market value.

Flats in Bishan and Tampines looked to be in demand, with a median TOX of S$12,000 each.

In contrast, Geylang and Serangoon posted the lowest median TOX of negative S$22,000 and negative S$8,000 respectively.

 
Start Tracks your home's value with mySG Home
srx.com.sg/mysg-home

Click here to go to Singapore Property Watch

View articles from these categories