Flash Report

HDB Flats

1. HDB resale price index marginally lower inApril 2020 over March 2020. Mature Estatesprices decrease by 0.3% while Non-MatureEstates prices increase by 0.2%, as compared toMarch 2020. In terms of room type, 3 Room, 4Room and Executive prices decline by 1.5%, 0.2%and 1.8%, respectively while 5 Room prices riseby 0.2%.

According to the SRX Property Price Index forHDB Resale:

• Prices in April 2020 are 1.0% higher than thepreceding year and 0.04% lower than March2020.

• April 2020 prices are 13.2% lower than thepeak in April 2013.

• Prices for most room types remain higher thana year ago: 4 Room by 0.9%, 5 Room by 2.1%and Executive by 0.2%. Prices for 3 Room flats,however, decreased by 1.8% year-on-year.

• Year-on-year, Mature Estates prices decreaseby 0.9% while Non- Mature Estates pricesincrease by 2.2%.

2. 423 HDB resale transactions in April 2020,representing a 78.3% decrease from March 2020.

• Year-on-year, resale volume in April 2020 is78.1% lower than the previous year.

• Breaking down by room types, in April 2020,40.9% of the volume comes from HDB 4 Room,26.7% from 5 Room, 22.5% from 3 Room and9.0% from Executive. The rest are from 2Room.

3. The highest transacted price for a resale flat inthe month is achieved at $1,010,000 by a 5 Roomunit at SkyTerrace @ Dawson in Queenstown; InNon-Mature Estates, the highest transacted priceis achieved at $713,800 by a 5 Room unit at LakeVista @ Yuan Ching in Jurong West.

• In April 2020, there is only one HDB resale flattransacted for at least $1,000,000.

Observations

4. Overall median Transaction Over X-Value (T-O-X) is ZERO in April 2020. This represented nochange from March 2020. The median T-O-X forHDB measures whether people are overpaying(POSITIVE T-O-X) or underpaying (NEGATIVE T-O-X) the SRX Property X-Value estimated marketvalue.

• HDB 3 Room records a NEGATIVE $200median T-O-X while Executive records aPOSITIVE $3,000. Both HDB 4 Room and 5Room record ZERO median TOX.

• Bishan posts the highest median T-O-X atPOSITIVE $17,500 in April 2020, followed byChoa Chu Kang and Jurong West at POSITIVE$6,000.

• Bukit Merah posts the lowest median T-O-X atNEGATIVE $20,000, followed by Bedok atNEGATIVE $10,000.

• T-O-X data only include HDB towns withmore than 10 resale transactions with X-Value.

April 2020 HDB Resale Volumes Plummet by 78% Amid Circuit-Breaker

Resale Price

2020 April Resale Index 132.3

2020 March Resale Index 132.4

Change (Month-on-Month) -0.04%

Resale Volume

Index Base: 2009 Jan

Note: HDB resale volume includes all property types, including HDB 1-room and HDB 2-room.

HDB Resale Market

Source: SRX / HDB

HDB Monthly Overall Resale Volume

2

SPI for HDB Resale

Note: Grey fields contain figures derived from fewer than 10 transactions. Purple fields contain figures derived from only 1 transaction.

Note: Latest month figures are flash estimates. Percentage changes are calculated based on actual index number with more decimalplaces shown in the report.

SPI by Property Type

Median Resale Price ($)

^ Non-mature estates (as defined by HDB): Bukit Batok, Bukit Panjang, Choa Chu Kang, Hougang, Jurong East, Jurong West, Punggol, Sembawang, Sengkang, Woodlands and Yishun.

Note: Latest month figures are flash estimates. Percentage changes are calculated based on actual index number with more decimalplaces shown in the report.

Index Base: Jan 2009

Mature and Non-Mature Estates

SPI for HDB Resale in Mature and Non-Mature Estates^

2020 April Median TOX $0

2020 March Median TOX $0

Change (Month-on-Month) $0

Note: Grey fields contain figures derived from fewer than 10 transactions with X-Value. Purple fields contain figures derived from only 1 transaction.

Median HDB Transaction Over X-Value (TOX) ($)

HDB Resale Median TOX

SRX publishes monthly price indices and statistics for non-landed private resale, HDB resale and non-

landed private and HDB rentals. The Company has been serving Singapore’s real estate industry since

2009, when it first launched the “Home Report” to help property agents and homeowners establish the

price to buy, sell or rent a home. In 2014 SRX introduced X-Value, allowing anyone to get a highly accurate

estimate of the value of their home instantly online. 1.8 million home reports and 7.0 million X-Value

computations later, SRX is Singapore’s most trusted source of home pricing information.

SRX is all about making the home seeking and home ownership journey a pleasure by connecting home-

seekers to their ideal property and helping homeowners manage their most important asset. SRX provides

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home-seekers. The SRX Property App is available in the App Store and Google Play Store.

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For media queries regarding SRX Property, please contact Esperanza G. Canlas on +65 8157 6290

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About SRX

ALL RIGHTS RESERVED SRX 2020 ©

Q: What is the SRX Residential Property FlashReport ?

A: The SRX Residential Property Flash Report is amonthly report that tracks and disseminates resaleand rental property prices for HDB and Non-Landed Private properties through the SRX PriceIndex (SPI). Due to the overwhelming amount ofinformation that needs to be covered for publicconsumption, the report is released in 3 separatephases covering different aspects of the propertymarket:

1. HDB Resale2. Non-Landed Private Resale3. HDB and Non-Landed Private Rental

Q: What are the advantages of this report overother property data and reports?

A:• Our monthly reporting provides a more real-

time update on the property market.• We supplement property transactions from

URA and HDB with real-time, pre-caveattransactions from 14 major real estate agencies,ensuring completeness and timeliness of thenumbers (Figure 1).

Figure 1. SRX typically receives pre-caveat transactions fromagencies at least 2 weeks ahead before it becomes publicly-available.

About SRX Flash Report

• We augment each transaction with geospatialand project-level attributes from public andproprietary data sources to account for eachhome’s hedonic factors (e.g. distance to MRTand good schools).

• We provide more granular data, such as‘Median Resale Price broken down by HDBEstates’ , ‘Median TOX in HDB Estates andPrivate Housing Districts’, ‘Sub-indices of HDBMature and Non-Mature Estates‘ and ‘MonthlyRental and Resale Volume’.

Q: What is X-Value?

A: The X-Value is a computer-generated propertyappraisal based on comparable market analysis(CMA). It uses real-time big data from trustedprivate and public sources, comparable marketanalysis, machine learning, and SRX propertyindices to calculate a home’s estimated marketvalue in seconds.

Q: What is Transaction-Over-X-Value (TOX)?

A: TOX measures how much a buyer is overpayingor underpaying the SRX Property X-Value’sestimated market value. It is analogous to thepreviously-used property market’s term of Cash-Over-Valuation (COV). The difference is the “V” iscomputer-generated. In the report for HDB Resaleand Non-Landed Private Resale, the SPI and themedian TOX are used complementarily to gaugeoverall property market sentiments.