HDB resale volume dips 4.3% in December: Property index

The resale volume of Housing and Development Board (HDB) decreased 4.3 per cent month-on-month in December after shrinking 15.9 per cent in November, SRX Property said on Thursday (Jan 7).

A total of 1,404 HDB resale flats were sold last month, down from the 1,467 transacted units in November. However, on a year-on-year basis, resale volume was up 8.4 per cent.

Resale prices remained largely similar in December compared to November. Prices of three- and four-room flats rose 0.3 per cent and 0.1 per cent respectively, while prices for five-room and executive flats fell 0.4 per cent and 0.4 per cent respectively.

Overall resale prices were down 1.3 per cent compared with a year ago, SRX Property said.


The overall median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property’s estimated market value, fell from zero in November to –S$1000 last month.

For HDB towns with more than 10 resale transactions in December, Serangoon posted the highest median TOX of S$18,500, followed by S$15,000 in Toa Payoh. The lowest median TOX were in Jurong East and Bukit Merah, at -S$16,500 and -S$16,000 respectively.

Source : Channel NewsAsia – 7 Jan 2016

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