Bukit Merah is the only town where HDB resale prices jumped in August: SRX

Meanwhile, Bukit Panjang posted the biggest decline in prices.

Ont town bucked the downward trend of HDB resale prices in August. According to the Singapore Real Estate Exchange, Bukit Merah is the only town with relatively high activity and a positive median transaction over x-value (TOX) in August, registering a median TOX of $8,000.

This means that majority of the buyers in Bukit Merah paid $8000 more than what other buyers who came before paid for similar units.

However, overall median TOX remained negative at $3000. The median TOX has been negative since May 2013.

“Among relatively active towns, Bukit Panjang posts the most Negative median T-O-X. Among HDB towns with more than 10 transactions, the lowest median T-O-X were in Bukit Panjang, Ang Mo Kio, and Hougang, at -$12,800, -$8,000, and -$6,100, respectively. This means that majority of the buyers in these towns has purchased units below what other buyers who came before paid for for similar units,” ntoed the SRX.