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1.HDB resale prices decrease by 0.2% in October 2019 over September 2019. HDB 4 Room and 5 Room experienced price decreases of 0.9% and 0.6%, respectively. Meanwhile, 3 Room and Executive prices increase by 0.5% and 1.1%, respectively. Mature Estates prices increase 0.2% while Non-Mature Estates prices decrease by 0.5%, as compared to September 2019.

HDB Resale Price Index 2019 October
HDB Resale Price Index by Property Type 2019 October
HDB Resale Median Price 2019 October

According to the SRX Property Price Index for HDB Resale:

  • Prices in October 2019 are 0.1% higher from preceding year.
  • October 2019 prices are 14.3% lower than the peak in April 2013.
  • Year-on-Year, Non-Mature Estates prices increase 1.1% while Mature Estates prices decrease 1.3%.

HDB Mature and Non Mature Estates Price Index 2019 October

2. 2,213 HDB resale transactions in October 2019, representing an 18.0% increase from September 2019.

HDB Resale Volume 2019 October

  • Year-on-year, resale volume in October 2019 is 10.6 % higher than the previous year.
  • Breaking down by room types, in October 2019, 40.8% of the volume comes from HDB 4 Room, 25.4% from 3 Room, 24.3% from 5 Room and 7.5% from Executive. The rest are from 2 Room and Multi-Gen.

3. The highest transacted price for a resale flat in the month was achieved at $1,100,000 by a high-floor 5-Room unit at The Pinnacle @ Duxton; In Non-Mature Estates, the highest transacted price was an Executive Maisonette unit at Hougang transacted at $850,000.

4. Overall median Transaction Over X-Value (T-O-X) is ZERO in October 2019. This represented an increase of $2,000 as compared to September 2019. The median T-O-X for HDB measures whether people are overpaying (POSITIVE T-O-X) or underpaying (NEGATIVE T-O-X) the SRX Property X-Value estimated market value.

HDB Median Transaction over X Value

  • 5 Room and Executive witness POSITIVE median T-O-X of $2,000 and $6,000, respectively, while HDB 3 Room and 4 Room both record NEGATIVE median T-O-X of $1,000.
  • Serangoon posts the highest median T-O-X at POSITIVE $9,500 in October 2019, followed by Bukit Merah at POSITIVE $8,000.
  • Queenstown posts the lowest median T-O-X at NEGATIVE $12,000, followed by Pasir Ris at NEGATIVE $8,000.
  • T-O-X data only include HDB towns with more than 10 resale transactions with X-Value.

5. An estimated 2,320 flats will become eligible to join the HDB resale market in the next three months, based on SRX data, as these units approach their respective 5-year Minimum Occupation Period.

Source: https://www.srx.com.sg/research/56861/hdb-resale-prices-trend-lower-in-october–volumes-18–higher-month-on-month

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