SRX Singapore Property Price Index
Forgot your password?
or

Don't have an account? Create An Account

For agents interested in participating on SRX, please contact us at +65 6635 3388 or write to us at feedback@srx.com.sg

Shortlisted Properties

X
Project Name Price Size PSF Type Remove
Save to PDF

SRX Property Index (SPI) Chart

Touch graph to see detail.
Sorry. We are unable to display the indices for your selections.
Note: The latest month's value is based on flash estimate.
Source: Singapore Real Estate Exchange (SRX)

Download SRX Flash         Report

Observations

Legend:

CCR = Core Central Region

RCR = Rest of Central Region

OCR = Outside Central Region

August 2016 Rentals   (Download the full report here)

Headline: Non-Landed Private Rents and HDB Rents decrease by 0.6% respectively in August 2016.

A. Non-Landed Private Residential Rental Market

  1. Private rents decrease by 0.6% in August According to SRX Property Price Index for Non-landed Private Residential Rentals, rents decreased by 0.6% in August 2016 compared to July 2016. Non-Landed Private Residential units rents in RCR and OCR decreased by 0.6% and 1.5% respectively. On the other hand, CCR increased by 0.5%.

    According to SRX Property Price Index for Non-landed Private Rentals:

    • Year-on-year, rents in August 2016 were down by 4.7% from August 2015. In individual sectors, CCR, RCR and OCR posted 0.6%, 5.7% and 7.1% year-on-year decrease in price, respectively.
    • Rents in August 2016 was 17.2% down compared to its peak in January 2013.
  2. Rental volume increases by 3.4% According to SRX Property, an estimated 4,595 Non-landed Private Residential units were rented in August 2016. This represented a 3.4% increase from 4,443 units rented in July 2016.

    • Year-on-year, rental volume in August 2016 was 18.1% higher than 3,892 units rented in August 2015.

B. HDB Rental Market

  1. HDB rents decrease by 0.6% According to SRX Property Price Index for HDB Rentals, rents decreased by 0.6% from July 2016 to August 2016. HDB 3 Rooms, HDB 4 Rooms, HDB 5 Rooms and Executive decreased by 0.4%, 0.6%, 0.1% and 1.6% respectively.

    According to SRX Property Price Index for HDB Rentals:

    • Year-on-year, rents in August 2016 were down by 4.0% from August 2015.
    • Rents in August 2016 were down 10.3% compared to its peak in August 2013.

    According to SRX Property Price Sub-Indices for HDB Rentals in Mature and Non-mature Estates:

    • Rents in Mature and Non-mature Estates decreased by 1.0% and 0.2% respectively.
    • Year-on-year, rents of Mature Estates in August 2016 slipped 4.0% from August 2015.
    • Year-on-year, rents of Non-mature Estates in August 2016 dropped 3.9% from August 2015.
  2. HDB rental volume increases by 0.3% According to SRX Property, an estimated 1,719 HDB flats were rented in August 2016, a 0.3% increase from 1,714 units rented in July 2016.

    • Year-on-year, rental volume in August 2016 decreased by 4.1% from August 2015.

August 2016 Non Landed Private Resale (Download the full report here)

Headline: Private Resale Non-Landed Prices Decrease 0.8% in August; Volume Increases 5.3%
More  
  1. Non-landed Private Residential Resale Prices decrease by 0.8% in August 2016 Non-landed Private Residential Resale prices decreased by 0.8% in August 2016 compared to July 2016. In individual sectors, RCR and OCR recorded a price decrease of 1.5% and 0.7% respectively. On the other hand, CCR recorded a price increase of 0.1%.

    According to the SRX Non-Landed Private Residential Price Index:

    • Year-on-year, prices in August 2016 decreased by 0.8% from August 2015. In individual sectors, RCR and OCR recorded a year-on-year price decrease of 2.9% and 1.9% respectively. On the other hand, CCR posted a year-on-year price increase of 4.6%.
    • August 2016 prices were down by 7.8% from the recent peak in January 2014.
  2. Resale volume increases by 5.3%. According to Non-landed Private Residential Resale data compiled by SRX Property, an estimated 817 Non-landed Private Residential units were resold in August 2016. This is a 5.3% increase compared to 776 units resold in July 2016.

    • Year-on-year, resale volume in August 2016 was 59.3% higher compared to 513 units resold in August 2015;
    • Resale volume was down by 60.1% compared to its peak of 2,050 units resold in April 2010.
  3. Overall median Transaction Over X-Value (TOX) decreases. The median T-O-X for Non-Landed Private Residential measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.

    • The median T-O-X in August 2016 is NEGATIVE $11,000. This is a $1,000 decrease compared to NEGATIVE $10,000 in July 2016.
  4. District 20 posts highest median T-O-X. For districts with more than 10 resale transactions in August 2016, District 20 (Bishan, Ang Mo Kio) posted the highest median T-O-X at POSITIVE $18,000.

    This means that a majority of the buyers in this district purchased units above the computer-generated market value.

  5. Among relatively active districts, District 15 posts the most negative median T-O-X District 15 (Katong, Joo Chiat, Amber Road) posted a T-O-X of NEGATIVE $48,000.

    This means that a majority of the buyers in these districts purchased units below the computer-generated market value.

August 2016 HDB Resale (Download the full report here)

Headline: HDB Resale Prices decrease by 0.7%; Volume increases by 19.5%.
More  
  1. HDB resale prices decrease in August 2016 There was a decrease of 0.7% in HDB Resale prices in August 2016 compared to that of July 2016. The resale prices of HDB 3 Room, HDB 4 Room and HDB 5 Room Flats decreased by 0.6%, 1.0% and 0.6% respectively. On the other hand, the resale prices of HDB Executive Flats increased by 0.8%.

    According to the SRX Property Price Index for HDB Resale:

    • Year-on-year, prices have decreased by 0.2% from August 2015;
    • Prices have declined by 11.5% since the peak in April 2013;

    According to the SRX Property Price Sub-Indices for HDB Resale:

    • In August 2016, HDB resale prices of mature estates and non-mature estates decreased by 0.4% and 1.0% respectively.
    • Year-on-year, prices in mature estates have increased by 0.6% from August 2015;
    • Year-on-year, prices in non-mature estates have decreased by 0.9% from August 2015,
  2. Resale volume increases in August 2016 According to HDB resale data compiled by SRX Property, 1,879 HDB resale flats were sold in August 2016, a 19.5% increase from 1,573 transacted units in July 2016.

    • Year-on-year, resale volume increased by 29.9% compared to 1,447 units resold in August 2015;
    • Resale volume was down by 48.5% compared to its peak of 3,649 units in May 2010.
  3. Overall median Transaction Over X-Value (T-O-X) is NEGATIVE $1,000 in August 2016 According to SRX Property, the median T-O-X for HDB was NEGATIVE $1,000 in August 2016. The median T-O-X for HDB measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.

    • Overall Median T-O-X was NEGATIVE $1,000 in August 2016, remained the same as the figure in July 2016;
    • Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in August 2016 were NEGATIVE $1,000, ZERO, NEGATIVE $1,000 and NEGATIVE $7,000 respectively.
  4. Toa Payoh posts the highest median T-O-X For HDB towns having more than 10 resale transactions with T-O-X in August 2016, Bishan reported the highest median TOX of POSITIVE $15,000 followed by POSITIVE $11,800 in Serangoon.

    This means that majority of the buyers in these towns have purchased units above the computer-generated market value.

  5. Among relatively active towns, Kallang/Whampoa posts the most negative median T-O-X Among HDB towns having more than 10 resale transactions with T-O-X in August 2016, the lowest median T-O-X was in Kallang/Whampoa at NEGATIVE $12,500, followed by Toa Payoh at NEGATIVE $11,000.

    This means that majority of the buyers in these towns have purchased units below the computer generated market value.

Index Value And Change

Date Value % Change
  • Prev
  • 1
  • 2
  • 3
  • Next

About SPI

About the Singapore Real Estate Exchange Property Index (SPI)

On the Friday of the first full work week for each month, SRX releases the Singapore Real Estate Exchange Property Index (SPI) as a public service to the community.

SPI differs from other Singapore indices in four distinct ways:

  1. SPI is the first index to calculate price changes that take into account unique Singaporean factors such as the property's distance to a top primary school or an MRT station. The index, of course, controls for standard index factors like location, age of property, size, floor levels and land tenure.
  2. SPI uses a Hedonic Regression methodology modeled on proven real estate economics and consumer price indices worldwide.
  3. SPI employs unique data available only to SRX. As a result, for private sale transactions, the indices include both public caveated transactions and non-caveated transactions, resulting in a comprehensive view of the property market at any point in time.
  4. Due to its industry-wide integration with the market's major estate agencies StreetSine, on behalf of SRX, collects, processes, integrates and crunches data in real-time. Hence, StreetSine can calculate and release monthly SPI updates before other Singaporean indices.

For more information, please refer to the SPI White Paper.


Disclaimer

The information contained in this document is the proprietary and exclusive property of StreeSine Singapore Pte. Ltd. (""SSPL"") except as otherwise indicated. The information contained herein is for informational purposes only and is not intended to replace any professional advice. The views expressed are entirely those of the authors.

Whilst the information is intended to be accurate and current, SSPL is not responsible for any errors or omissions in this document. SSPL may vary, withdraw or amend any information presented herein at any time without notice.

To the fullest extent permitted by law, in no event shall StreetSine, its officers and employees, affiliates, subsidiaries, successors and assigns be liable for any damages or costs, including without limitation any indirect, consequential, special, incidental, or punitive damages arising out of, based on, or resulting from your reliance on or use of the information herein.

No part of this document may be reproduced except as authorised by written permission. The copyright and the foregoing restriction extend to reproduction in all media.

©StreetSine Singapore Pte. Ltd.. All rights reserved.

Singapore Real Estate Exchange Property Index, SPI, Singapore Real Estate Exchange and SRX are trade names of SSPL.

Hello Singapore! I'm Sevi. Ask me any property question.
Chat with Sevi
Sevi - AI Bot
Replies in seconds
Need to speak to someone? 6635-3388
Sevi
I'm Sevi, your personal assistant.

You can ask me basic property questions about transactions, listings, project info and X-value.

Some Examples:

1. Where is Gem Residences located?
2. Are there listings in Hillview Regency for 3 bedrooms and budget of $1.5m?
3. For how much can I sell my property?
4. What are the latest transactions in Bayshore Park?
5. Is it cheaper to buy HDB in Tampines or Jurong East?
6. What is the plot ratio for The Sail?
7. How many blocks are there in Ang Mo Kio Ave 3?

Type RESET or HELP whenever you need.