Resale volume jumped 24.1% to 1,980 units resold.
The resale prices of HDB flats fell 2.3% YoY in November, the Singapore Real Exchange (SRX) revealed.
According to flash data, on a monthly basis, HDB resale prices dipped 0.1%. The resale prices of HDB 5 Rooms increased by 0.4%, whilst HDB 3 Rooms, HDB 4 Rooms and HDB Executive decreased by 0.3%, 0.1% and 0.1% respectively.
Prices have declined by 12.6% since the peak in April 2013.
Meanwhile, resale volume rose 24.1% YoY from 1,596 resold units last year to 1,980 units resold this year.
Resale volume was down by 45.7% compared to its peak of 3,649 units in May 2010.
Here's more from SRX:
The median transaction over x-value (T-O-X) for HDB was NEGATIVE $2,000 in November 2017. The median T-O-X for HDB measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.
Overall Median T-O-X was NEGATIVE $2,000 in November 2017, decreased by $1,000 compared to the figure in October 2017.
Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in November 2017 were NEGATIVE $1,000, NEGATIVE $3,000, ZERO and NEGATIVE $4,200 respectively.
For HDB towns having more than 10 resale transactions with T-O-X in November 2017, Toa Payoh reported the highest median TOX of POSITIVE $7,000 followed by POSITIVE $6,000 in Pasir Ris.
The lowest median T-O-X was in Jurong East at NEGATIVE $10,000, followed by Sembawang at NEGATIVE $9,500.
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