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HDB resale prices fell 0.3 per cent last month

HDB resale prices fell 0.3 per cent last month

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Housing Board (HDB) resale prices fell by 0.3 per cent last month, compared to November. Resale prices of flats in mature estates dipped by 0.2 per cent, while those in non-mature estates dropped by 0.4 per cent, according to the latest data released by SRX Property yesterday.
There were also fewer resale flats transacted last month, with HDB resale data showing that 1,364 resale units were sold, a 13.9 per cent drop from the 1,585 transacted units in November. Upcoming new launch condo include The Tapestry , The Jovell, Park Colonial , The Opus, Amber 45,  Jui Residences , 33 Residences , 8 Hullet, 120 Grange, The Biltmore, Muse @ Newton, Harbour View Gardens, Daintree Residence,  Parkwood Residences , The Verandah Residences, Sea Pavilion Residences,  Parc Botannia, Sengkang Central condo while existing ones include Rezi 35, Carpmael Thirty Eight , Fivenine, Sixteen35 Residences and Kandis Residence  Kingsford Waterbay, Seaside Residences and Grandeur Park Residences.
Year on year, resale flat prices decreased by 0.2 per cent, compared to December 2015, the SRX Property Price Sub-Indices showed.
The year-on-year comparison also showed that prices in mature estates increased by 1 per cent, while those in non-mature dipped by 1.2 per cent last month.
SRX Property also said the overall median transaction over X-Value (TOX) for HDB was zero last month.
The median TOX measures how much people are overpaying or underpaying against the computer-generated estimated market value or the X-Value.
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