HDB Resale Prices Increase 6.4% in 2020, Rising for Sixth Straight Month in December. 2020 Total Volume 4.3% Higher than 2019.

07 Jan 2021
Property Data
1. HDB resale price increases 1.0% in December 2020 compared to November 2020. Mature and Non-Mature Estates prices increase 0.4% and 1.4% respectively, as compared to November 2020. In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increase by 0.6%, 1.4%, 1.0% and 1.2% respectively.

 hdb resale price index 2020 december

hdb resale price index by property type 2020 december

hdb resale median price 2020 december

According to the SRX Property Price Index for HDB Resale:

  • Price increase for the whole of 2020 is 6.4% (i.e. Dec 19 vs Dec 20), an increase from the 0.3% rise in 2019.
  • Prices for all room types increase in 2020: 3 Room by 6.0%, 4 Room by 6.1%, 5 Room by 5.7% and Executive by 3.0%.
  • Mature and Non-Mature Estates prices increase by 4.3% and 7.8% respectively in 2020.
  • December 2020 prices are 8.6% lower than the peak in April 2013.
hdb mature and non mature estate price index 2020 december

hdb mature and non mature estate price index2 2020 december

2. 2,489 HDB resale transactions in December 2020, representing a 6.8% increase from November 2020.
hdb resale volume 2020 december
  • Year-on-year, resale volume in December 2020 is 34.0% higher than the previous year.
  • Breaking down by room types, in December 2020, 40.0% of the volume comes from HDB 4 Room, 28.0% from 5 Room, 22.0% from 3 Room and 8.8% from Executive. The rest are from 2 Room.
  • A total of 23,427 resale transactions are recorded for the whole of 2020, which is 4.3% higher than 2019.

 

3. The highest transacted price for a resale flat in the month is achieved at $1,218,888 by a 5 Room DBSS unit at Natura Loft; In Non-Mature Estates, the highest transacted price is achieved at $845,888 by an Executive Maisonette unit at Hougang St 21.
  • In December 2020, there are 10 HDB resale flats transacted for at least $1,000,000.
  • A total of 82 million-dollar HDB resale flats are recorded for the whole of 2020 – the highest ever in a year.

4. Overall median Transaction Over X-Value (T-O-X) is POSITIVE $1,000 in December 2020. This represented no change from November 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 december

  • HDB 3 Room registers a NEGATIVE $500 while 4 Room, 5 Room and Executive register POSITIVE $2,400, $1,000 and $1,000 median T-O-X respectively.
  • Clementi and Hougang post the highest median T-O-X at POSITIVE $7,000 in December 2020, followed by Geylang and Tampines at POSITIVE $6,000.
  • Serangoon posts the lowest median T-O-X at NEGATIVE $10,200, followed by Ang Mo Kio at NEGATIVE $8,000.
  • T-O-X data only include HDB towns with more than 10 resale transactions with X-Value.
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