HDB resale prices up slightly in April: SRX Property

The resale prices for Housing and Development Board (HDB) flats saw a slight uptick in April, rising 0.2 per cent month-on-month. Transactions for flats also hit a two-year high last month, according to SRX Property’s flash estimates released on Thursday (May 7).

HDB resale prices saw an improvement, driven by 3- and 4-Room flats of which prices rose 0.3 per cent and 0.9 per cent, respectively. However, price dips of 0.8 per cent and 2 per cent for 5-Room and Executive flats, respectively, dragged down the overall increase.

However, prices dropped 6 per cent year-on-year in April, and 11 per cent since the peak in April 2013, it added.

As for resale volume, 1,610 HDB flats were sold in April – a 19.3 per cent month-on-month increase from March’s 1,349 transacted units, SRX Property said.

The HDB resale volume last month was the highest in recent 24 months, it added.

The overall median Transaction Over X-Value (TOX), which measures whether buyers are overpaying or underpaying SRX Property’s estimated market value, remained negative at -S$2,000, up from –S$3,000 in February.

Among HDB towns which saw more than 10 resale transactions last month, the lowest median TOX was seen in Serangoon at -S$14,000, followed by Hougang and Pasir Ris at -S$9,000 and -S$7,000, respectively, the data showed.

Source : Channel NewsAsia – 3 May 2015

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