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HDB resale volume dips 4.3% in December

SINGAPORE — The resale volume of Housing and Development Board (HDB) decreased 4.3 per cent month-on-month in December after shrinking 15.9 per cent in November, SRX Property said today (Jan 7).

The resale volume of HDB flats decreased last month. TODAY file photo

The resale volume of HDB flats decreased last month. TODAY file photo

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SINGAPORE — The resale volume of Housing and Development Board (HDB) decreased 4.3 per cent month-on-month in December after shrinking 15.9 per cent in November, SRX Property said today (Jan 7).

A total of 1,404 HDB resale flats were sold last month, down from the 1,467 transacted units in November. However, on a year-on-year basis, resale volume was up 8.4 per cent.

Resale prices remained largely similar in December compared to November. Prices of three- and four-room flats rose 0.3 per cent and 0.1 per cent respectively, while prices for five-room and executive flats fell 0.4 per cent and 0.4 per cent respectively.

Overall resale prices were down 1.3 per cent compared with a year ago, SRX Property said.

TOX NEGATIVE

The overall median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property’s estimated market value, fell from zero in November to –S$1000 last month.

For HDB towns with more than 10 resale transactions in December, Serangoon posted the highest median TOX of S$18,500, followed by S$15,000 in Toa Payoh. The lowest median TOX were in Jurong East and Bukit Merah, at -S$16,500 and -S$16,000 respectively. CHANNEL NEWSASIA

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