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SINGAPORE, Sept. 8 (Xinhua) -- Resale prices of Singapore's public housing units built by Housing and Development Board (HDB) decrease 0.7 percent in August compared with the previous month, Singapore Real Estate Exchange (SRX Property) said on Thursday.
SRX Property said resale prices of three-room HDB, four-room HDB and five-room HDB decreased by 0.6 percent, 1.0 percent and 0.6 percent respectively, while resale prices of HDB Executive Flats increased by 0.8 percent.
Overall, resale prices have declined 0.2 percent from August 2015 and 11.5 percent from the peak in April 2013, SRX Property added.
A total of 1,879 HDB resale flats were sold in August, which is a 19.5 percent increase from 1,573 transacted units in July 2016.
The overall median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property's estimated market value, was -1,000 Singapore dollars (-741 U.S. dollars) in August, down from zero from the previous month.
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. Enditem
