Sunday, August 12, 2007

ABC of HDB Market Statistics

Resale Price Index
- Overall price movement of resale HDB flats, based on resale prices by registration date.
- Reflects the general sentiment of the resale market.

Median Resale Prices
- A price that indicates half of the units are sold above the value, and the other half below the value.
- Break down by town and flat type.
- Gives a more accurate typical price of a flat.
[Note: To find out individual resale transaction, click here]

Median Cash-over-valuation (COV)
- The amount of cash that needs to be paid by buyer over and above the market valuation.
- Break down by town and flat type.
- Indication of premium that buyers are paying.
[Eg: Flat valuation is $200k. If (1) sold at $190k, then no COV payable, (2) sold at $250k, then COV payable is $50k in cash]

Number of Resale Applications
- Volume of transactions.
- Break down by flat type.
- Also reflects market sentiment.

Subletting Market Statistics
- Rental rates that landlords declared in HDB subletting application.
- Break down by town and flat type.

Number of Subletting Approvals
- Indicate the number of approved flats available.
- Break down by flat type.
[Note: Only sub-letting of whole flat requires HDB's approval]

* HDB-Statistics *

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