SINGAPORE - HDB resale prices dropped 0.5 per cent in July, as it last month compared to June 2015, reported SRX Property in its HDB resale flash report .
Resale prices of HDB 3 Room Flats remained flat while prices of HDB 4, 5 Room and Executive Flats went down by 0.7 per cent, 1.2 per cent and 0.9 per cent respectively.
According to the SRX Property Price Index for HDB Resale. prices have dropped 4.3 per cent from July 2014, year-on-year, and prices have declined 11.4 per cent since the peak in April 2013. Price change in June 2015 has been revised from a 0.1 per cent increase to no change.
In July 2015, HDB resale prices decreased by 0.1 per cent in mature estates and 0.9 per cent in non-mature estates. Year-on-year, prices in mature estates have declined 2.6 per cent from July 2014, while prices in non-mature estates have declined 5.5 per cent from July 2014, according to the SRX Property Price Sub-Indices for HDB Resale.
Resale volume has decreased. 1,552 HDB resale flats were sold in July 2015, a 9.2 per cent decrease from 1,709 transacted units in June 2015.
Overall Median T-O-X was NEGATIVE $1000 in July 2015, down from POSITIVE $1,000 in JUNE 2015. Median T-O-X for HDB 3-Room, 4-Room and Executive flats in July 2015 saw NEGATIVE $1,000, NEGATIVE $1000, and NEGATIVE $10,500 respectively. 5-Room flats posted a POSTIVE $1900 median T-O-X.
Bukit Merah posted the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in July 2015, Bukit Merah reported the highest median TOX of $6,000 followed by $4,000 in Ang Mo Kio. This means that majority of the buyers in these towns has purchased units above the computer-generated market value.
Among relatively active towns, Pasir Ris posted the most Negative median T-O-X. Among HDB towns having more than 10 resale transactions with T-O-X in July 2015, the lowest median T-O-X were in Pasir Ris and Bukit Panjang at NEGATIVE $11,000 and NEGATIVE $6,700 respectively.
This means that majority of the buyers in these towns has purchased units below the computer generated market value.
- See more at: http://news.asiaone.com/news/business/hdb-resale-prices-drop-first-time-4-months#sthash.WcxLICN0.dpufSource: AsiaOne (6 Aug 2015)