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Thu, 05 Jul 2018 – 11:15 AM
RESALE prices for the Housing Office apartments fell 0.3% last month from May, according to the data flash published Thursday by the real estate portal SRX Property. The data also show that prices fell by 1.9% over the same month of last year and 13.3% since the peak of April 2013.
The fall in prices of Mature and non-mature apartments was relatively similar, at 0.2 According to HDB resale data compiled by SRX Property, 1,988 resale apartments of HDB were sold in June 2018. This is to say: an increase of 13.4% from the 1,753 units in May.
Last year, resale volume in June increased by 13.4%
The overall median transaction on X (TOX) was negative $ 1,000 last month. TOX measures how much a buyer is overpaying or underpaying on a property based on SRX Property's computer-generated market value.
Of the HDB cities with more than 10 resale transactions last month, Tampines and Yishun had the highest median positive values of S $ 5,000 and $ 4,000 respectively. This suggests that the majority of buyers have paid above the computer generated market value for these apartments.
At the other end of the spectrum, Bukit Panjang and Geylang had the lowest negative values at $ 7,000 and $ 6,200. This suggests that most buyers bought shares based on computer-generated market value.
THE STRAITS TIMES
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