HDB Volumes Rebounded Strongly as Circuit Breaker Measures Eased

09 Jul 2020
Property Data
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.

hdb resale price index 2020 june

hdb resale price index by property type 2020 june
hdb resale median price 2020 june
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%.
hdb mature and non mature estate price index 2020 june
hdb mature and non mature estate price index2 2020 june

2. 2,452 HDB resale transactions in June 2020, representing a 573.6% increase from May 2020.
hdb resale volume 2020 june
  • 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 median transaction over xvalue 2020 june
  • 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.
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