HDB median resale price hits $455,000

It's a record-breaking cost.

Accoriding to SRX Residential Property Flash Report, in the HDB resale market, overall cash-over-valuation (COV) continues its uptrend to reach $34,000 in the first two months into 4Q.

Here's more from SRX:

This is $2,000 shy of the 5-year historical high of $36,000 COV attained in 2011Q3 since tracking began in 2007.

On a month-to-month basis, overall COV increased from $33,000 in Oct to $35,000 in Nov.

The highest COV with at least 10 contracts signed among all property types in all towns is for HDB 4-room flats in Queenstown. Median COV in the first 2 months of Q4 is $76,250.

The higher COV helped to push overall HDB median resale price to a new historical high of $455,000. This represents a 1.1% increase from 3Q's $450,000.

Overall HDB median rents remained unchanged at $2,400. 



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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2507-0.0002-0.02%
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    6.2002+0.0013+0.02%
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    SGDMYR=X
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    SGDIDR=X
    4.9720-0.001-0.02%
    SGDCNY=X
    1.1723+0.0003+0.03%
    AUDSGD=X
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    Commodities
    NamePriceChange% Chg
    1,301.10-2.40-0.18%
    GCM14.CMX
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    SIK14.CMX
    90.83-1.04-1.14%
    ^XAU
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    HGK14.CMX
    104.04+0.28+0.27%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65+0.04
    ^FVX
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MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.1170.0000.00%
    B22.SI
    0.49+0.030+6.52%
    5GJ.SI
    2.26+0.080+3.67%
    5ME.SI
    2.190.0000.00%
    JS8.SI
    0.6050.0000.00%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.20+0.034+20.48%
    5WD.SI
    0.18+0.020+12.50%
    T16.SI
    0.215+0.015+7.50%
    5UE.SI
    0.68+0.035+5.43%
    5DP.SI
    0.17-0.002-1.16%
    5IF.SI
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    NamePriceChange% Chg
    0.112-0.008-6.67%
    5RC.SI
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    567.SI
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    D6U.SI
    0.59-0.020-3.28%
    544.SI
    0.13-0.004-2.99%
    B32.SI