Saturday, 10 December 2016

HDB Resale Prices increase by 0.2%; Volume decreases by 5.3% - SRX

1. HDB resale prices increase in November 2016. There was a increase of 0.2% in HDB Resale prices in November 2016 compared to that of October 2016. The resale prices of HDB 3 Rooms, HDB 4 Rooms and HDB 5 Rooms increased by 0.2%, 0.2% and 0.3% respectively. On the other hand, the resale prices of HDB Executive decreased by 0.3%.
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CaptureAccording to the SRX Property Price Index for HDB Resale:
  • Year-on-year, prices have decreased by 0.7% from November 2015;
  • Prices have declined by 11.3% since the peak in April 2013;
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According to the SRX Property Price Sub-Indices for HDB Resale:
  • In November 2016, HDB resale prices in mature estates increased by 0.8% and non-mature estates decreased by 0.3%;
  • Year-on-year, prices in mature estates have increased by 0.7% from November 2015;
  • Year-on-year, prices in non-mature estates have decreased by 1.8% from November 2015;

2.Resale volume decreases in November 2016. According to HDB resale data compiled by SRX Property, 1,585 HDB resale flats were sold in November 2016, a 5.3% decrease from 1,673 transacted units in October 2016.

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  • Year-on-year, resale volume increased by 7.1% compared to 1,480 units resold in November 2015.
  • Resale volume was down by 56.6% compared to its peak of 3,649 units in May 2010.

3. Overall median Transaction Over X-Value (T-O-X) is NEGATIVE $2,000 in November 2016. According to SRX Property, the median T-O-X for HDB was NEGATIVE $2,000 inNovember 2016. The median T-O-X for HDB measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.
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  • Overall Median T-O-X was NEGATIVE $2,000 in November 2016, decreased by $2,000 compared to the figure in October 2016;
  • Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in November 2016 were NEGATIVE $3,000, POSITIVE $300, NEGATIVE $3,000 and NEGATIVE $5,000 respectively.

4.Bukit Merah posts the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in November 2016, Bukit Merah reported the highest median TOX of POSITIVE $10,000 followed by POSITIVE $3,000 in Bishan and Sengkang.
This means that majority of the buyers in these towns have purchased units above the computer-generated market value.
5. Among relatively active towns, Toa Payoh posts the most negative median T-O-X. Among HDB towns having more than 10 resale transactions with T-O-X in November 2016, the lowest median T-O-X was in Toa Payoh at NEGATIVE $11,100, followed by Sembawang at NEGATIVE $8,000.
This means that majority of the buyers in these towns have purchased units below the computer generated market value.

Source: SRX (08 Dec 2016)