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HDB resale transaction volume for April highest in two years: SRX flash estimate

Thursday, May 7, 2015 - 11:18
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Resale prices of Housing & Development Board (HDB) flats rose 0.2 per cent in April over March, according to SRX Property's flash estimates released on Thursday.

RESALE prices of Housing & Development Board (HDB) flats rose 0.2 per cent in April over March, according to SRX Property's flash estimates released on Thursday.

This compares with a 0.8 per cent month-on-month drop for March.

The volume of transactions increased from 1,349 in March to 1,610 in April, the highest in two years.

The April flash estimate for the SRX property price index for HDB resale flats reflects a 6 per cent year-on-year decline. The index has eased 11.0 per cent since the peak in April 2013.

SRX Property said April's price increase was driven by three and four-room flats at 0.3 per cent and 0.9 per cent respectively. The resale prices for five-room and executive flats fell 0.8 per cent and 2 per cent respectively.

Prices of flats in mature estates rose 0.6 per cent in April but fell 0.2 per cent in non-mature estates. Year-on-year, prices in mature estates have declined 4 per cent while prices in non-mature estates have slipped 7.4 per cent.

SRX Property's overall median transaction over X-value (TOX) for April was negative S$2,000, an improvement from the negative S$3,000 in March. The median TOX measures how much people are overpaying or underpaying against the computer-generated estimated value or the so-called X-value.