HDB resale prices up 0.6% in November

Four-room type posted the highest increase at 1.2%.

Resale prices of HDB flats inched up 0.6% MoM and 0.4% YoY in November as the prices of most room types rose, according to data from SRX.

Also read: HDB resale prices down 0.2% in October

Three-room, four-room and executive HDB room types recorded price increases of 0.1%, 1.2%, and 1.1% MoM, respectively. In contrast, the prices of HDB five-room units dipped slightly by 0.1% over the same period.

In addition, non-mature estate prices grew 1% MoM whilst mature estate prices remained flat throughout November.

However, the report noted that the HDB resale price index is 13.8% lower compared to its peak in April 2013.

Meanwhile, 1,915 HDB resale transactions were recorded in November, showing a 13.5% MoM slip but it 1.6% YoY higher compared to November 2018.

HDB four-room flats accounted for 42.8% of the total figure, followed by five-room (24.8%), three-room (23.6%) and executive units (6.8%). The remaining consist of two-room flats and multi-gen rooms.

SRX noted that the highest transacted price for a resale flat in November was at $1.08m by a high-floor, five-room unit at Commonwealth Drive in Queenstown. Amongst non-mature estates, the highest transacted price was $900,000 by a Premium Maisonette unit at Choa Chu Kang Street 64 in Choa Chu Kang.

Overall median transaction over X-value (T-O-X) is negative $1,000 in the same month, which dropped by $1,000 from October.

HDB executive rooms witnessed zero T-O-X, whilst HDB three-room, four-room and five-room units posted a negative median T-O-X of $3,000, $1,000 and $1,000, respectively.