The resale prices of Housing and Development Board (HDB) flats inched up in February after a slight decline in January, SRX Property said on Thursday (Mar 3).
On a month-on-month basis, HDB resale prices were up 0.2 per cent in February. In January, prices fell by 0.5 per cent after rising for six consecutive months.
Prices of three- and four-room flats rose by 0.2 per cent and 0.8 per cent, respectively. In contrast, prices of five-room and executive flats fell by 0.1 per cent and 0.7 per cent, respectively.
Overall resale prices were down 0.6 per cent compared to a year ago, SRX Property said.
A total of 1,200 resale flats were sold last month, down 6.7 per cent from the 1,286 transacted units in January. However, compared to a year ago, resale volume was up 4.5 per cent.
TOX REMAINS NEGATIVE
The overall median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property’s estimated market value, fell to -S$2,000 in February.
For HDB towns with more than 10 resale transactions, Kallang/Whampoa posted the highest median TOX of S$19,000, followed by Sengkang and Yishun with S$5,000. The lowest median TOX were in Choa Chu Kang at -S$16,000, followed by Toa Payoh at -S$10,000, the report said.
Source : Channel NewsAsia – 3 Mar 2016