1. HDB resale prices decrease in May 2017. There was a decrease of 0.1% in HDB Resale prices in May 2017 compared to that of April 2017. The resale prices of 5 Rooms and HDB Executive increased by 0.5% and 0.3% respectively, while HDB 3 Rooms remain unchanged and HDB 4 Rooms decreased by 0.1%.
2. Resale volume increases in May 2017. According to HDB resale data compiled by SRX Property, 1,983 HDB resale flats were sold in May 2017, an 8.1% increase from 1,834 transacted units in April 2017.
3. Overall median Transaction Over X-Value (T-O-X) is NEGATIVE $2,000 in May 2017. According to SRX Property, the median T-O-X for HDB was NEGATIVE $2,000 in May 2017. The median T-O-X for HDB measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.
4. Bishan posts the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in May 2017, Bishan reported the highest median TOX of POSITIVE $10,000 followed by POSITIVE $3,500 in Jurong East.
Source: SRX (8 Jun 2017)
According to the SRX Property Price Index for HDB Resale:
- Year-on-year, prices have decreased by 0.7% from May 2016;
- Prices have declined by 11.6% since the peak in April 2013;
- There is no price revision to the -0.3% change in April 2017.
According to the SRX Property Price Sub-Indices for HDB Resale:
- In May 2017, HDB resale prices in mature estates increased by 0.2%, while non-mature estates decreased by 0.4%;
- Year-on-year, prices in mature estates have increased by 0.1% from May 2016;
- Year-on-year, prices in non-mature estates have decreased by 1.3% from May 2016;
2. Resale volume increases in May 2017. According to HDB resale data compiled by SRX Property, 1,983 HDB resale flats were sold in May 2017, an 8.1% increase from 1,834 transacted units in April 2017.
- Year-on-year, resale volume increased by 7.5% compared to 1,844 units resold in May 2016.
- Resale volume was down by 45.7% 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 May 2017. According to SRX Property, the median T-O-X for HDB was NEGATIVE $2,000 in May 2017. The median T-O-X for HDB measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.
- Overall Median T-O-X was NEGATIVE $2,000 in May 2017, decreased by $1,000 compared to the figure in April 2017;
- Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in May 2017 were NEGATIVE $3,000, ZERO, NEGATIVE $3,000 and NEGATIVE $1,500 respectively.
4. Bishan posts the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in May 2017, Bishan reported the highest median TOX of POSITIVE $10,000 followed by POSITIVE $3,500 in Jurong East.
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 and Sembawang post the most negative median T-O-X.Among HDB towns having more than 10 resale transactions with T-O-X in May 2017, the lowest median T-O-X was in Toa Payoh at NEGATIVE $16,000, followed by Sembawang at NEGATIVE $10,000.
5. Among relatively active towns, Toa Payoh and Sembawang post the most negative median T-O-X.Among HDB towns having more than 10 resale transactions with T-O-X in May 2017, the lowest median T-O-X was in Toa Payoh at NEGATIVE $16,000, followed by Sembawang at NEGATIVE $10,000.
This means that majority of the buyers in these towns have purchased units below the computer generated market value.