Consequently, resale volume grew 13.4% to 1,988 units.
The prices of HDB resales dipped 0.3% in June compared to that in May, SRX Property revealed. Prices dropped 1.9% YoY.
Flash data revealed that the resale prices of HDB 3 Rooms increased by 0.4%, whilst both HDB 4 Rooms and HDB Executive had a decrease of 0.4%, and HDB 5 Rooms remained unchanged.
HDB resale prices in both mature and non-mature estates were down by 0.2% and 0.4% respectively. Prices were also down YoY by 2.2% for mature estates and 1.7% for non-mature estates.
Meanwhile, resale volume jumped by 13.4% from 1,753 units transacted in May to 1,988 units transacted in June. Resale volume was down by 45.5% compared to its peak of 3,649 units in May 2010.
Majority of HDB resales were transacted $1,000 less than their market value, as indicated by their median Transaction Over X-Value (T-O-X). The median T-O-X for HDB 3 Room, 4 Room, 5 Room, and Executive flats in June 2018 were NEGATIVE $3,000, ZERO, NEGATIVE $1,000, and POSITIVE $9,000 respectively.
HDB resales in Tampines were transacted $5,000 over the market value, whilst those in Yishun were transacted $4,000 over the market value. Meanwhile, Bukit Panjang had the most negative media T-O-X of NEGATIVE $7,000, meaning a majority of transactions were made $7,000 below market value. It was followed by Geylang at NEGATIVE $6,200.
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