SINGAPORE: The resale volume of Housing and Development Board (HDB) flats slipped again in August after registering a decline in July, SRX Property said on Thursday (Sep 3).
A total of 1,447 HDB resale flats were sold last month, down 6.8 per cent from the 1,552 transacted units in July. However, compared to a year ago, resale volume was up 9 per cent, according to SRX Property’s flash estimates.
Resale prices climbed 0.3 per cent in August after a marginal decline of 0.5 per cent in July. Prices of four- and five-room flats rose 1.4 per cent and 0.9 per cent, respectively, while prices of three-room and executive flats fell 0.7 per cent and 2 per cent, respectively.
Overall resale prices were down 3 per cent compared to a year ago, SRX Property said.
The overall median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property’s estimated market value, rose from -$1,000 in July to zero last month.
For HDB towns with more than 10 resale transactions in August, Kallang/Whampoa posted the highest median TOX of S$31,000, followed by S$21,400 in Clementi. The lowest median TOX were in Sengkang, Pasir Ris and Yishun at -S$6,100, -S$5,000 and -S$5,000, respectively.