SINGAPORE: 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. Upcoming executive condo also include The Visionaire EC, Wandervale EC, Parc Life EC while existing ones include The Terrace EC, Brownstone EC, Waterwoods EC, Signature at Yishun, Skypark Residences, The Vales EC, The Criterion EC, Bellewaters EC, Bellewoods EC.
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.