RESIDENTIAL PROPERTY | Staff Reporter, Singapore

HDB resale prices down 1.2% in May

It also reflected an 18.3% YoY jump from 1,754 units resold.

HDB resale prices continued to drop as it fell 1.2% YoY or 0.2% MoM in May from the 0.4% decline in April, according to SRX Media Flash Report for HDB Resale.

Prices are 14.1% lower than its peak in April 2013.

SRX added that the prices of HDB 3 Rooms, 4 Rooms, and 5 Rooms were each 0.2% lower whilst HDB Executive declined 0.6%.

Meanwhile, HDB resale volume rose 7.5% MoM to 2,075 flats from 1,931 flats in April. It also reflected an 18.3% YoY jump from 1,754 units resold in May 2018.

Overall median transaction over X-value (T-O-X) is negative $1,000 in May, which remained flat compared to April. This was led by the negative median T-O-X of HDB 3 Rooms and 4 Rooms at $4,000 and $1,000 respectively.

Meanwhile, HDB 5 Rooms and Executives witnessed positive median T-O-X of $1,000 and $5,000 respectively during the month

The report added that Geylang posted the highest median T-O-X at positive $7,500, followed by Choa Chu Kang at $7,000. Bishan posted the lowest median T-O-X at negative $12,600, followed by Clementi at negative $8,500.

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