Singapore's public housing flat resale prices rise slightly in April
Xinhua, May 7, 2015 Adjust font size:
The resale prices of Housing and Development Board (HDB) flats rose 0.2 percent on-month in April, said Singapore Real Estate Exchange (SRX) on Thursday.
The prices of all property types increased in April, except five-room flats and Executive flats, which dipped 0.8 percent and 2 percent, respectively. Resale prices for three-room and four- room flats rose by 0.3 percent and 0.9 percent respectively.
SRX Property said prices have declined 6 percent from the same period a year ago and 11 percent from the peak in April 2013 on the whole.
A total of 1,610 HDB resale flats were sold last month, an 19.3 percent increase from the 1,349 transacted units in March. The resale volume was the highest in recent 24 months, SRX Property said.
The overall median Transaction Over X-Value (TOX), a measurement of whether people are overpaying or underpaying SRX Property's estimated market value, remained negative.
About 80 percent of the resident population in Singapore live in high-rise flats built by the Housing and Development Board and sold to local households under the basic principle of one unit per household. Endi