Resale volume was up year on year

SINGAPORE: The resale prices of Housing and Development Board (HDB) flats fell slightly last month, but resale volume remained flat, according to flash estimates released by SRX Property on Thursday (Jul 7).

On a month-on-month basis, HDB resale prices were down 0.6 per cent in June. Compared to a year ago, prices have also declined by 0.6 per cent. Upcoming executive condo include Treasure Crest 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, The Amore EC,  Bellewaters EC, Bellewoods EC.

Resale prices of three-room and five-room flats led the decline, falling by 0.7 per cent and 0.8 per cent, respectively. In contrast, the resale prices of four-room flats were unchanged and executive flats rose by 0.1 per cent.

A total of 1,823 resale flats were sold in June, similar to the 1,826 units transacted in May. However, compared to a year ago, resale volume was up 6.7 per cent.

The overall median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property’s estimated market value, rose from -S$1,000 to zero in June.

For HDB towns with more than 10 resale transactions, Clementi posted the highest median TOX of S$11,000, followed by Kallang/Whampoa with S$6,000. The lowest median TOX was in Bukit Merah with -S$15,500, followed by Bukit Batok with -S$10,000.

executive condo shift in policy