SINGAPORE, Nov. 3 (Xinhua) -- Resale prices of Singapore's public housing units built by Housing and Development Board (HDB) dipped 0.1 percent in October compared with the previous month, Singapore Real Estate Exchange (SRX Property) said on Thursday.
SRX Property said resale prices of three-room HDB and HDB executive flats increased by 0.6 percent and 0.8 percent respectively, while resale prices of five-room HDB decreased by 0.9 percent, and four-room HDB remained the same.
On a year-on-year basis, resale prices have decreased by 0.5 percent from October 2015. Resale prices have declined by 11.5 percent since the peak in April 2013, SRX Property added.
A total of 1,673 HDB resale flats were sold in October, which is a 0.4 percent increase from 1,666 transacted units in September. SRX Property said that resale volume decreased by 4.2 percent year-on-year, and it was down by 54.2 percent compared to its peak of 3,649 units in May, 2010.
The overall median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property's estimated market value, was zero in October.
About 80 percent of the residents in Singapore live in high-rise flats built by HDB and sold to local households under the basic principle of one unit per household.
