HDB resale prices up 0.7%in March

Most room-types' reseal prices recorded growth.

HDB resale prices rose 0.7% YoY in March, despite the 0.3% MoM dip, according to data from SRX. This month's prices are 13.1% lower than the peak in April 2013.

Four-room type saw its resale price inch up 1.2% YoY; five-room grew by 1.6% YoY and; executive rooms went up 0.4% YoY. On the other hand, three-room resale prices slipped 1.8% YoY. 

In addition, mature estates prices dropped by 1.2% YoY, whilst non-mature estates prices edged up 2% YoY in March.

In terms of volume, HDB resale jumped 17.6% YoY or 16.8% MoM to 1,949 HDB resale transactions in March. Breaking down by room types, 42% of the volume comes from HDB four-room, 24.3% from five-room, 23.9% from three-room and 7.2% from executive. The rest are from two-room types.

The highest transacted price for a resale flat in March is $1.23m by a five-room unit at The Pinnacle@Duxton. Amongst non-mature estates, the highest transacted price is $818,000 by an executive room unit at Toh Guan Road. There are a total of five HDB resale flats transacted for around $1m in March.

Overall median transaction over X-value (T-O-X) is zero in March, which shows $2,000 decline from February 2020. HDB three-room and executive record negative $1,000 and negative $8,000 median T-O-X, whilst HDB four-room and five-room record positive $1,900 and zer median T-O-X, respectively.

Bukit Merah posts the highest median T-O-X at posittive $7,500, followed by Jurong East at positive $6,000. MMeanwhile, Bishan posts the lowest median T-O-X at negative $21,500, followed by Clementi at negative $13,500.