HDB Resale Price Rose 1.2%, Record-High Thirteen Million-Dollar Flats Transacted in October 2020

05 Nov 2020
Property Data
1. HDB resale price increases 1.2% in October 2020 compared to September 2020. Mature and Non-Mature Estates prices increase 1.2% and 1.1% respectively, as compared to September 2020.  In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increase by 1.3%, 1.2%, 0.5% and 1.0% respectively.

hdb resale price index 2020 october

hdb resale price index by property type 2020 october

hdb resale median price 2020 october

According to the SRX Property Price Index for HDB Resale:
  • Prices in October 2020 are 4.5% higher than the preceding year.
  • October 2020 prices are 10.4% lower than the peak in April 2013.
  • Prices for all room types are higher than a year ago: 3 Room by 3.4%, 4 Room by 4.8%, 5 Room by 3.3% and Executive by 2.4%.
  • Year-on-year, Mature and Non-Matures Estates prices increase by 2.6% and 5.7% respectively. 
hdb mature and non mature estate price index 2020 october

hdb mature and non mature estate price index2 2020 october

2. 2,436 HDB resale transactions in October 2020, representing a 2.1% decrease from September 2020.

hdb resale volume 2020 october
  • Year-on-year, resale volume in October 2020 is 10.1% higher than the previous year.
  • Breaking down by room types, in October 2020, 41.5% of the volume comes from HDB 4 Room, 26.4% from 5 Room, 20.8% from 3 Room and 9.6% 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 $1,208,000 by a 5 Room DBSS unit at Natura Loft; In Non-Mature Estates, the highest transacted price is achieved at $820,000 by an Executive Maisonette unit at Jurong East St 21.
  • In October 2020, there are 13 HDB resale flats transacted for at least $1,000,000.
  • This is the record high number of million-dollar flats transacted in a month.

4. Overall median Transaction Over X-Value (T-O-X) is POSITIVE $3,000 in October 2020. This represented an increase of $1,000 from September 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 resale volume 2020 october
  • HDB 3 Room, 4 Room and 5 Room register POSITIVE $1,000, $4,000 and $4,000 median T-O-X respectively while Executive records a NEGATIVE $1,000.
  • Yishun posts the highest median T-O-X at POSITIVE $10,000 in October 2020, followed by Geylang and Jurong West at POSITIVE $7,000.
  • Ang Mo Kio and Clementi post the lowest median T-O-X at NEGATIVE $7,000, followed by Queenstown at NEGATIVE $6,100.
  • T-O-X data only include HDB towns with more than 10 resale transactions with X-Value.
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