Resale prices of Singapore's public housing units down 0.3 pct in April
Xinhua, May 4, 2017 Adjust font size:
Resale prices of Singapore's public housing units built by Housing and Development Board (HDB) decreased 0.3 percent in April compared to the previous month, said Singapore Real Estate Exchange (SRX Property) on Thursday.
According to SRX, resale prices of five-room HDB increased by 0.2 percent, while resale prices of three-room HDB, four-room HDB and HDB Executive decreased by 0.2 percent, 0.7 percent and 0.9 percent respectively.
On the year-on-year basis, resale prices in April decreased by 0.3 percent compared to the same month last year, and registered a decline of 11.4 percent since the peak in April 2013.
According to HDB resale data compiled by SRX Property, 1,834 HDB resale flats were sold in April 2017, increasing 4.0 percent from 1,910 transacted units in March. Resale volume shrank by 0.9 percent year-on-year compared to 1,850 units resold in April 2016. Resale volume was down by 49.7 percent compared to its peak of 3,649 units in May 2010.
The overall median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property's estimated market value, was -1,000 Singapore dollars (-713.67 U.S. dollars) in April.
About 80 percent of residents in Singapore live in high-rise flats built by HDB and sold to local households under the basic principle of one unit per household. Endit