HDB resale prices up 0.1%, volume rises 9.6%

According to HDB resale data it compiled, 1,957 HDB resale flats were sold in August.
According to HDB resale data it compiled, 1,957 HDB resale flats were sold in August.PHOTO: ST FILE

SINGAPORE - HDB resale prices went up in August, with an increase of 0.1 per cent over resale prices in July, according to statistics released by property portal SRX Property on Thursday (Sept 7).

The resale prices of HDB four-room flats increased by 0.4 per cent. HDB five-room flat prices went up by 0.2 per cent and HDB executive flats by 0.4 per cent.

However, HDB three-room resale prices decreased by 0.4 per cent.

According to the SRX Property Price Index for HDB Resale, year-on-year prices decreased by 0.7 per cent from August last year.

SRX Property added that resale volume has increased.

According to HDB resale data it compiled, 1,957 HDB resale flats were sold in August, a 9.6 per cent increase from 1,785 transacted units in July.

Year on year, resale volume increased by 3 per cent, compared with 1,900 units resold in August 2016.

Serangoon was the area that performed the best last month.

The majority of buyers there purchased units above the valuation price. The area had the highest median above valuation, at $11,000.

This was followed by Bukit Panjang, with a median of $6,000 above valuation.

On the other side of the scale, Hougang performed the worst, with a median of $7,000 below valuation.

It was followed by Pasir Ris, with a median of $6,000 below valuation.