HDB resale prices down 0.3% in June

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.

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