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. 



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3441-0.0013-0.10%
    USDSGD=X
    1.5412-0.001-0.06%
    EURSGD=X
    1.9637+0.0004+0.02%
    GBPSGD=X
    79.3071+0.2859+0.36%
    SGDJPY=X
    5.7718+0.0058+0.10%
    SGDHKD=X
    2.9145+0.0057+0.20%
    SGDMYR=X
    9,802.0625-7.29-0.07%
    SGDIDR=X
    4.7752-0.0365-0.76%
    SGDCNY=X
    1.0222-0.0006-0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,295.40+29.00+2.29%
    GCM16.CMX
    17.88+0.29+1.63%
    SIN16.CMX
    92.85+5.95+6.85%
    ^XAU
    2.28+0.05+2.06%
    HGN16.CMX
    45.60-0.43-0.93%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.28-0.02
    ^FVX
    1.82-0.02
    ^TNX
    2.67-0.03
    ^TYX

MARKET MOVERS