HDB Resale Volume Maintained Above 2,400 Units, Prices Increase For the Third Consecutive Month in September 2020

08 Oct 2020
Property Data
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.

hdb resale price index 2020 september

hdb resale price index by property type 2020 september

hdb resale median price 2020 september

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. 
hdb mature and non mature estate price index 2020 september

hdb mature and non mature estate price index2 2020 september

2. 2,489 HDB resale transactions in September 2020, representing a 2.2% increase from August 2020.

hdb resale volume 2020 september
  • 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 median transaction over xvalue 2020 september
  • 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.
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