Results 1 to 2 of 2

Thread: HDB resale prices fall in March from year ago

  1. #1

    Default HDB resale prices fall in March from year ago

    HDB resale prices fall in March from year ago

    APR 6, 2018

    Ng Huiwen


    Resale prices of Housing Board flats rose 0.8 per cent last month from February, the month of Chinese New Year, but dropped by 1.9 per cent from a year ago, according to flash data from real estate portal SRX Property yesterday.

    For the first quarter of this year, resale prices were down by 0.6 per cent from the previous three months, said SRX.

    Prices have also declined by 12.8 per cent since their peak in April 2013.

    On a month-on-month basis, March resale prices of four-and five-room flats, and executive flats were up by 1.4 per cent, 0.2 per cent and 0.8 per cent respectively, while the price of three-room flats decreased by 0.4 per cent.

    In mature estates, prices increased by 1.4 per cent, while in non-mature estates, this went up 0.3 per cent.

    Meanwhile, there was a 58.5 per cent increase in resale flats sold last month - from February's 1,195 units to 1,894 units.

    The volume of resale flats, however, dipped by a marginal 0.8 per cent year on year, compared with 1,910 units resold in March 2017.

    Last month, the overall median Transaction Over X-Value (TOX) was negative $2,000, down $3,000 from the previous month's positive TOX of $1,000.

    TOX measures whether buyers are overpaying or underpaying compared with SRX Property's computer-generated market value.

    Flats in Bedok look to be in demand, with the highest median TOX of $7,500 in March, followed by units in Geylang at $3,000.

    In contrast, Queenstown posted the most negative median TOX of $16,000, followed by Jurong East at $10,000.


  2. #2
    Valued Contributor
    Join Date
    Nov 2008
    Posts
    2,398

    Default

    Sounds like a lot of HDB owners are liquidating their HDB for the mad condo rush. Any price can go.


Similar Threads

  1. HDB resale prices dip just 0.1% in March
    By reporter2 in forum Miscellaneous Discussion and News (HDB, EC, commercial and industrial property; general business/eco
    Replies: 0
    -: 8th April 2016, 07:24 PM
  2. HDB resale prices up slightly in March, more flats changing hands
    By princess_morbucks in forum Miscellaneous Discussion and News (HDB, EC, commercial and industrial property; general business/eco
    Replies: 7
    -: 10th April 2014, 06:36 PM
  3. Resale condos mark higher prices, volumes in March
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 10th April 2014, 05:25 PM
  4. Prices of resale private homes fall in Nov to lowest level this year
    By princess_morbucks in forum Singapore Private Condominium Property Discussion and News
    Replies: 25
    -: 7th December 2013, 11:56 PM
  5. Resale flat prices 'likely to fall 3-5% this year'
    By reporter2 in forum Miscellaneous Discussion and News (HDB, EC, commercial and industrial property; general business/eco
    Replies: 0
    -: 9th February 2012, 04:01 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •