HDB resale prices inch up in May

SINGAPORE: The resale prices of Housing and Development Board (HDB) flats inched up in May, but resale volume remained flat, according to estimates released by SRX Property on Thursday.

On a month-on-month basis, HDB resale prices were up 0.2 per cent last month. Compared to a year ago, prices remained flat. Upcoming executive condo include Treasure Crest EC and Northwave EC while existing ones include The Terrace EC, Brownstone EC, The Visionaire EC, Parc Life EC , Waterwoods EC, Signature at Yishun, Skypark Residences, Wandervale EC, The Vales EC, The Criterion EC, Bellewaters EC, Bellewoods EC.

Resale prices of three-room and five-room flats rose by 0.7 per cent, while prices of executive flats increased by 0.4 per cent. In contrast, the resale prices of four-room flats decreased by 0.7 per cent.

A total of 1,826 resale flats were sold in May, similar to the 1,828 units transacted in April. However, compared to a year ago, resale volume was up 15.9 per cent.

TOX 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$1,000, compared to zero in April.

For HDB towns with more than 10 resale transactions, Sembawang posted the highest median TOX of S$6,000, followed by Geylang with S$3,500. The lowest median TOX were in Hougang at -S$12,000, followed by Ang Mo Kio at -S$7,500.

executive condo and the land site pic 4