HDB resales up 9.7% to 1,195 units in February

Resale prices were down by 2.4%.

HDB resale volume for the month grew 9.7% YoY from 1,089 units in 2017 to 1,195 units in 2018, the Singapore Real Exchange (SRX) revealed. On a monthly basis, the volume grew 9.6% from 1,090 units in January.

According to flash data, resale volume was down by 67.3% compared to its peak of 3,649 units in May 2010.

Meanwhile, HDB resale prices dipped by 2.4% YoY in February 2018. There was a decrease of 0.6% in HDB Resale prices in February 2018 compared to that of January 2018. The resale prices of HDB 5 Rooms rose by 0.5%, whilst HDB 3 Rooms, HDB 4 Rooms, and HDB Executive dipped by 0.2%, 1.5%, and 1.6% respectively.

Moreover, prices in mature estates have fallen by 2.7% YoY whilst prices in non-mature estates have decreased by 2.2%.

Here’s more from SRX:

According to SRX Property, the median T-O-X for HDB was POSITIVE $1,000 in February 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 POSITIVE $1,000 in February 2018, increased by $4,000 compared to the figure in January 2018; Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in January 2018 were POSITIVE $500, POSITIVE $1,900, NEGATIVE $1,500 and POSITIVE $6,900 respectively.

For HDB towns having more than 10 resale transactions with T-O-X in February 2018, Pasir Ris reported the highest median TOX of POSITIVE $12,000 followed by POSITIVE $11,000 in Serangoon. This means that majority of the buyers in these towns have purchased units above the computer-generated market value.

Amongst HDB towns having more than 10 resale transactions with T-O-X in February 2018, the lowest median T-O-X was in Ang Mo Kio at NEGATIVE $14,600, followed by Toa Payoh at NEGATIVE $7,000. 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