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)
Updated 7 Jul 2016 (Press Release): Follow-up Discussion on SRX Property's HDB Price Index
Important Update: Unfortunately, one of the analysts made several inaccurate statements about the technical aspects of SRX HDB indices versus that of HDB stat board in an ST story by Janice Heng and a BT story by Lee Meixian on 8 Jul 2016.
Here is a link to ST Digital that shows the correction: http://www.straitstimes.com/singapore/housing/hdb-resale-volume-stays-flat
View detailed calculations here.

Download SRX Flash         Report

Observations

Legend:

CCR = Core Central Region

RCR = Rest of Central Region

OCR = Outside Central Region

July 2016 Rentals   (Download the full report here)

Headline: Non-Landed Private Rents Decrease by 0.4%, HDB Rents Increase by 0.5% in July 2016.

A. Non-Landed Private Residential Rental Market

  1. Private rents decrease by 0.4% in July According to SRX Property Price Index for Non-landed Private Residential Rentals, rents decreased by 0.4% in July 2016 compared to June 2016. Non-Landed Private Residential units rents in CCR and OCR decreased by 0.7% and 1.1%. RCR increased by 0.8% respectively.

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

    • Year-on-year, rents in July 2016 were down by 4.8% from July 2015. In individual sectors, CCR, RCR and OCR posted 1.6%, 7.0% and 6.3% year-on-year decrease in price, respectively.
    • Rents in July 2016 was 16.9% down compared to its peak in January 2013.
    • June's change was revised from no change to 0.1% decrease.
  2. Rental volume decreases by 5.0% According to SRX Property, an estimated 4,100 Non-landed Private Residential units were rented in July 2016. This represented a 5.0% decrease from 4,316 units rented in June 2016.

    • Year-on-year, rental volume in July 2016 was 3.4% lower than 4,243 units rented in July 2015.

B. HDB Rental Market

  1. HDB rents increase by 0.5% According to SRX Property Price Index for HDB Rentals, rents increased by 0.5% from June 2016 to July 2016. HDB 3 Rooms and HDB 4 Rooms increased by 1.3% and 0.8% respectively, HDB 5 Rooms and Executive rents posted a 0.8% and 0.4% decrease, respectively.

    According to SRX Property Price Index for HDB Rentals:

    • Year-on-year, rents in July 2016 were down by 3.8% from July 2015.
    • Rents in July 2016 were down 9.6% 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 increased by 0.7% and 0.2% respectively.
    • Year-on-year, rents of Mature Estates in July 2016 slipped 3.6% from July 2015.
    • Year-on-year, rents of Non-mature Estates in July 2016 dropped 4.1% from July 2015.
  2. HDB rental volume decreases by 6.1% According to SRX Property, an estimated 1,653 HDB flats were rented in July 2016, a 6.1% decrease from 1,760 units rented in June 2016.

    • Year-on-year, rental volume in July 2016 decreased by 10.3% from July 2015.

July 2016 Non-Landed Private Residential Resales (Download the full report here)

Headline: Private Resale Non-Landed Prices Decrease 0.4%, Volume Increases 10.0% in July 2016
More  
  1. Non-landed Private Residential Resale prices decreased by 0.4% in July 2016 compared to June 2016. In individual sectors, CCR, RCR and OCR recorded a price decrease of 0.5%, 0.6% and 0.3%, respectively.

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

    • Year-on-year, prices in July 2016 increased by 0.1% from July 2015. In individual sectors, CCR and RCR posted a year-on-year price increase of 6.2% and 0.5%, respectively. OCR, however, recorded a year-on-year price decrease of 2.8%.
    • July 2016 prices were down by 6.6% from the recent peak in January 2014.
    • Price increase in June 2016 was revised from 0.5% to 0.4%.
  2. Resale volume increases by 10.0% According to Non-landed Private Residential Resale data compiled by SRX Property, an estimated 770 Non-landed Private Residential units were resold in July 2016. This is a 10.0% increase compared to 700 units resold in June 2016.

    • Year-on-year, resale volume in July 2016 was 31.4% higher compared to 586 units resold in July 2015.
    • Resale volume was down by 62.4% 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 July 2016 is NEGATIVE $10,000. This is a $3,000 decrease compared to NEGATIVE $7,000 in June 2016.
  4. District 20 posts highest median T-O-X For districts with more than 10 resale transactions in July 2016, District 20 (Bishan, Ang Mo Kio) posted the highest median T-O-X at POSITIVE $10,000.

    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 3 posts the most negative median T-O-X District 3 (Queenstown, Tiong Bahru) posted a T-O-X of NEGATIVE $40,000.

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

July 2016 HDB Resale (Download the full report here)

Headline: HDB Resale Price increases by 0.7%; Volume decreases by 13.7%.
More  
  1. HDB resale prices increases in July 2016 HDB Resale prices increased 0.7% in July 2016 compared to June 2016. The resale prices of HDB 3 Room, 4 Room and HDB 5 Room Flats increased by 0.6%, 0.3% and 0.5% respectively. On the other hand, the resale prices of HDB Executive Flats decreased 0.4%.

    According to the SRX Property Price Index for HDB Resale:

    • Year-on-year, prices have increased by 0.8% from July 2015;
    • Prices have declined by 10.9% since the peak in April 2013;

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

    • In July 2016, HDB resale prices of mature estates and non-mature estates increased by 0.8% and 0.6% respectively.
    • Year-on-year, prices in mature estates have increased by 1.1% from July 2015;
    • Year-on-year, prices in non-mature estates have increased by 0.4% from July 2015.
  2. Resale volume decreases in July 2016 According to HDB resale data compiled by SRX Property, 1,573 HDB flats were resold in July 2016, a 13.7% decrease from 1,823 transacted units in June 2016.

    • Year-on-year, resale volume increased by 1.4% compared to 1,552 units resold in July 2015.
    • Resale volume was down by 56.9% 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 July 2016. According to SRX Property, the median T-O-X for HDB was NEGATIVE $1,000 in July 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 July 2016, a decrease of $1,000 compared to June 2016;
    • Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in July 2016 were ZERO, NEGATIVE $2,000, NEGATIVE $1,000 and NEGATIVE $1,000 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 July 2016, Toa Payoh reported the highest median TOX of POSITIVE $25,500 followed by POSITIVE $4,000 in Clementi and Bukit Batok.

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

  5. Among relatively active towns, Punggol posts the most negative median T-O-X Among HDB towns having more than 10 resale transactions with T-O-X in July 2016, the lowest median T-O-X was in Punggol at NEGATIVE $10,000, followed by Bukit Merah at NEGATIVE $8,000.

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.