HDB resale volume plunged 31.4% in January

Resale prices are 2% cheaper than a year ago.

There were 1,089 HDB resale flats sold in January, a 31.4% decrease from 1,587 transacted units in December, the Singapore Real Exchange (SRX) revealed. On a yearly basis, the volume dipped 8.7% form 1,193 units resold the previous year.

According to flash data, resale volume was down by 70.2% compared to its peak of 3,649 units in May 2010.

Meanwhile, the resale prices of HDB flats in January fell by 2% YoY and 0.5% MoM.

The resale prices of HDB 4 Rooms and HDB Executive increased by 1.3% and 0.4% respectively, whilst HDB 3 Rooms and HDB 5 Rooms decreased by 2.3% and 1.2% respectively.

In January 2018, HDB resale prices in mature estates went down by 2.3% YoY and non-mature estates fell by 1.8%.

Here's more from SRX:

The median Transaction Over X-Value (T-O-X) for HDB was NEGATIVE $3,000 in January 2018. 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 $3,000 in January 2018, decreased by $100 compared to the figure in December 2017;

Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in January 2018 were NEGATIVE $5,000, NEGATIVE $2,000, NEGATIVE $3,500 and POSITIVE $2000 respectively.

For HDB towns having more than 10 resale transactions with T-O-X in January 2018, Kallang/Whampoa and Geylang reported the highest median TOX of POSITIVE $17,000 followed by POSITIVE $4,300 in Sengkang.

This means that majority of the buyers in these towns have purchased units above the computer-generated market value.

Among HDB towns having more than 10 resale transactions with T-O-X in January 2018, the lowest median T-O-X was in Jurong East at NEGATIVE $16,000, followed by Bukit Merah at NEGATIVE $9,000.

This means that majority of the buyers in these towns have purchased units below the computer-generated market value.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia