HDB resale prices flat in May, transaction volume dips 2.2%: SRX

RESALE prices of Housing & Development Board (HDB) flats remained unchanged in May compared with April, according to SRX Property's flash estimates released on Thursday.

This compares with a 0.2 per cent month-on-month increase for April.

The volume of transactions fell 2.2 per cent to 1,575 resale flats in May from 1,610 units in the previous month. Year-on-year, resale volume increased by 19.3 per cent compared with 1,320 units resold in May 2014;

SRX Property's May flash estimate for its HDB resale flats price index reflects a 5 per cent year-on-year decline. The index has eased 11 per cent since the peak in April 2013.

On a month-on-month basis, resale prices of HDB three- and four-room flats eased 0.2 per cent and 0.9 per cent respectively in May, while prices of five-room and executive flats rose 0.7 per cent and 1.3 per cent respectively.

Prices of flats in mature estates dipped 0.1 per cent in May but inched up 0.1 per cent in non-mature estates. Year-on-year, prices in mature estates have declined 3.9 per cent while prices in non-mature estates have slipped 6 per cent.

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