More HDB resale flats sold in May but prices fall

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There were more Housing Board resale flats sold in May compared with April, though resale prices showed a slight dip month on month. Last month, 2,075 HDB resale flats changed hands, a 7.5 per cent increase from the 1,931 transacted units in the month before, according to...

Prices of three-room, four-room and five-room flats were each 0.2 per cent lower, while prices of executive flats declined by 0.6 per cent.

Meanwhile, the overall median transaction over X-value remained unchanged last month at negative $1,000. The median TOX measures whether people are overpaying or underpaying relative to the SRX Property X-value estimated market value for flats.However, the median TOX of three-room and four-room flats were negative $4,000 and negative $1,000 respectively.

Out of all the HDB towns with more than 10 resale transactions, Geylang had the highest median TOX at $7,500, followed by Choa Chu Kang at $7,000.- THE STRAITS TIMES

 

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