The resale prices for Housing Board (HDB) flats in Singapore increased marginally by 0.2 percent in May, according to the latest report released by Singapore Real Estate Exchange (SRX) on Thursday.

On a year-on-year basis, the resale prices remained flat, SRX said.

Resale volume also remained similar, with 1,826 resale flats sold in May, compared to the 1,828 in April. On a year-on-year basis, resale volume rose 15.9 percent.

The overall median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property's estimated market value, fell to -1,000 Singapore dollars (-740 U.S. dollars) last month, compared to zero in April. Endit

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