HDB Resale Volumes Continue Year-on-Year Increase, Prices Increase Marginally in July 2020

06 Aug 2020
Property Data
1. HDB resale price increase 0.4% in July 2020 compared to June 2020. Non-Mature Estates prices increase by 1.1% while Mature Estates prices decrease by 0.5%, as compared to June 2020.  In terms of room types, 3 Room, 4 Room and 5 Room prices increase by 0.9%, 0.1% and 0.5% respectively while Executive prices decrease by 0.1%.

hdb resale price index 2020 july

hdb resale price index by property type 2020 july

hdb resale median price 2020 july

According to the SRX Property Price Index for HDB Resale:
  • Prices in July 2020 are 1.5% higher than the preceding year.
  • July 2020 prices are 12.8% lower than the peak in April 2013.
  • Prices for most room types are higher than a year ago: 3 Room by 0.5%, 4 Room by 2.1% and 5 Room by 1.7%. Prices for Executive flats, however, remain flat year-on-year.
  • Year-on-year, Non-Mature Estates prices increase by 3.1% while Mature Estates prices decrease by 0.9%.

hdb mature and non mature estate price index 2020 july

hdb mature and non mature estate price index2 2020 july

2. 2,470 HDB resale transactions in July 2020, representing a 0.7% increase from June 2020.

hdb resale volume 2020 july
  • Year-on-year, resale volume in July 2020 is 15.0% higher than the previous year.
  • Breaking down by room types, in July 2020, 40.1% of the volume comes from HDB 4 Room, 25.1% from 3 Room, 24.3% from 5 Room and 7.8% from Executive. The rest are from 2 Room and 1 Room.

3. The highest transacted price for a resale flat in the month is achieved at $1,085,000 by a 4 Room unit at The Pinnacle@Duxton; In Non-Mature Estates, the highest transacted price is achieved at $785,000 by a 5 Room unit at Parkland Residences and also an Executive unit at Toh Guan Road.
  • In July 2020, there are nine HDB resale flats transacted for at least $1,000,000.

4. Overall median Transaction Over X-Value (T-O-X) is POSITIVE $1,000 in July 2020. This represented an increase of $1,000 from June 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 july
  • HDB 3 Room registers a POSITIVE $2,500 median T-O-X, both 4 Room and 5 Room record a POSITIVE $1,000 while Executive records a POSITIVE $3,000, respectively.
  • Yishun posts the highest median T-O-X at POSITIVE $9,000 in July 2020, followed by Ang Mo Kio and Bukit Batok at POSITIVE $7,000.
  • Sengkang and Tampines post the lowest median T-O-X at NEGATIVE $3,000, followed by Kallang/Whampoa at NEGATIVE $2,500.
  • T-O-X data only include HDB towns with more than 10 resale transactions with X-Value.
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