HDB Resale Prices and Volume See Marginal 0.5% and 3.3% Increase Respectively in January 2020

06 February
Property Data
1. HDB resale prices increase by 0.5% in January 2020 over December 2019.  HDB 3 Room, 4 Room and 5 Room experience monthly price increases of 1.0%, 0.6% and 0.5% respectively. Meanwhile, HDB Executive prices decrease by 1.5%. Non-Mature Estates prices increase by 0.8% while Mature Estates prices decrease by 0.1%, compared to December 2019.

hdb resale price index 2020 january
hdb resale price index by property type 2020 january
hdb resale median price 2020 january

According to the SRX Property Price Index for HDB Resale:
  • Prices in January 2020 are 0.3% higher than the preceding year.
  • January 2020 prices are 13.6% lower than the peak in April 2013.
  • Year-on-year, except for 3 Room which decreases by 1.0%, all room types experience price increases: 4 Room by 0.3%, 5 Room by 0.7% and Executive by 0.3%.
  • Year-on-year, Mature Estates prices decrease by 1.4% while Non-Mature Estates prices increase by 1.5%.
hdb mature and non mature estate price index 2020 january
hdb mature and non mature estate price index2 2020 january
2. 1,920 HDB resale transactions in January 2020, representing a 3.3% increase from December 2019.
hdb resale volume 2020 january
  • Year-on-year, resale volume in January 2020 is 23.1% higher than the previous year.
  • Breaking down by room types, in January 2020, 43.1% of the volume comes from HDB 4 Room, 24.4% from 5 Room, 23.8% from 3 Room and 6.9% from Executive. The rest are from other room types.

3. The highest transacted price for a resale flat in the month is achieved at $1,025,000 by an Executive Apartment unit at Lorong 2 Toa Payoh; In Non-Mature Estates, the highest transacted price is achieved at $853,000 by an Executive Maisonette unit at Hougang St 21.
  • In January 2020, there are four HDB resale flats transacted for at least $1,000,000.

4. Overall median Transaction Over X-Value (T-O-X) is NEGATIVE $500 in January 2020. This represented a decrease of $1,500 from December 2019. The median T-O-X for HDB measures whether people are overpaying (POSITIVE T-O-X) or underpaying (NEGATIVE T-O-X) the SRX Property X-Value's estimated market value.
hdb median transaction over xvalue 2020 january
  • HDB Executive record POSITIVE $4,500 median T-O-X, while HDB 3 Room, 4 Room and 5 Room record NEGATIVE $1,000, $0 and NEGATIVE $2,000 respectively.
  • Woodlands posts the highest median T-O-X at POSITIVE $10,500 in January 2020, followed by Bukit Batok at POSITIVE $6,800.
  • Punggol posts the lowest median T-O-X at NEGATIVE $6,500, followed by Toa Payoh at NEGATIVE $6,100.
  • T-O-X data only include HDB towns with more than 10 resale transactions with X-Value.

5. An estimated 5,902 flats will become eligible to join the HDB resale market in the next three months, based on SRX data, as these units approach their respective official 5-year Minimum Occupation Period.
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