The full article can be found in Lianhe Zaobao, Singapore Section, Page 9, 6 July 2018.
Although Housing & Development Board (HDB) resale price has fallen slightly, the resale volume has increased by 13.4 per cent, the highest increase this year.
Among HDB towns with more than 10 resale transactions last month, Tampines and Yishun had the highest positive median TOX values of S$5,000 and S$4,000 respectively. This suggests that a majority of buyers paid above the Streetsine Singapore’s (SRX Property) computer-generated market value for these flats.
On the other hand, Bukit Panjang and Geylang had the lowest negative TOX values at S$7,000 and S$6,200. This suggests that most buyers purchased units under the SRX Property’s computer-generated market value.
ZACD Executive Director and Chief Investment Officer, Nicholas said, “The HDB resale transaction volume will generally be higher in the second half of the year. It is expected that the transaction volume in the second half of this year will increase by 5 per cent to 10 per cent compared to the first half of the year.”
Click here to read the full article in Chinese.
