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

June 2016 Rentals   (Download the full report here)

Headline: Non-Landed Private Rents remain the same while HDB Rents decrease by 0.3% in June 2016.

A. Non-Landed Private Residential Rental Market

  1. Private rents remain the same According to SRX Property Price Index for Non-landed Private Residential Rentals remained the same in June 2016 compared to May 2016. Non-Landed Private Residential units rents in CCR and OCR decreased by 0.4% and 0.3% respectively while RCR increased by 0.8%.

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

    • Year-on-year, rents in June 2016 were down by 4.8% from June 2015. In individual sectors, CCR, RCR and OCR posted 1.4%, 7.6% and 6.0% year-on-year decrease in price, respectively.
    • Rent in June 2016 was 16.4% down compared to its peak in January 2013.
  2. Rental volume increase by 2.0% According to SRX Property, an estimated 4,256 Non-landed Private Residential units were rented in June 2016. This represented a 2.0% increase from 4,172 units rented in May 2016.

    • Year-on-year, rental volume in June 2016 was 7.9% higher than 3,946 units rented in June 2015.

B. HDB Rental Market

  1. HDB rents decrease by 0.3% in June According to SRX Property, an estimated 1,826 HDB flats were rented in June 2016, a 0.5% decrease from 1,836 units rented in May 2016.

    According to SRX Property Price Index for HDB Rentals:

    • Year-on-year, rents in June 2016 were down by 4.3% from June 2015.
    • Rents in June 2016 were down 10.1% 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 0.1% and 0.6% respectively.
    • Year-on-year, rents of Mature Estates in June 2016 slipped 4.0% from June 2015.
    • Year-on-year, rents of Non-mature Estates in June 2016 dropped 4.7% from June 2015.
  2. HDB rental volume decreases by 0.5% in June According to SRX Property, an estimated 1,826 HDB flats were rented in June 2016, a 0.5% decrease from 1,836 units rented in May 2016.

    • Year-on-year, rental volume in June 2016 decreased by 0.3% from June 2015.

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

Headline: Private Resale Non-Landed Prices Up 0.5% in June; Volume decreases 1.2%
More  
  1. Non-landed Private Residential Resale Prices up by 0.5% in June 2016 Non-landed Private Residential Resale prices increased by 0.5% in June 2016 compared to May 2016. This marks the fourth consecutive monthly price increase.

    The price increase applies across the board. CCR, RCR and OCR recorded a price increase of 0.9%, 0.3% and 0.5%, respectively.

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

    • Year-on-year, prices in June 2016 increased by 1.1% from June 2015. In individual sectors, CCR posted a year-on-year price increase of 9.2%, while RCR and OCR recorded a year-on-year price decrease of 0.8% and 1.5%, respectively.
    • June 2016 prices were down by 5.9% from the recent peak in January 2014.
  2. Resale volume decreases by 1.2% in June 2016 According to Non-landed Private Residential Resale data compiled by SRX Property, an estimated 754 Non-landed Private Residential units were resold in June 2016. This is a 1.2% decrease compared to 763 units resold in May 2016.

    • Year-on-year, resale volume in June 2016 was 27.4% higher compared to 592 units resold in June 2015;
    • Resale volume was down by 63.2% compared to its peak of 2,050 units resold in April 2010.
  3. Overall median Transaction Over X-Value (TOX) increases in June 2016 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 May 2016 is NEGATIVE $7,000. This is a $1,000 increase compared to NEGATIVE $8,000 in May 2016;
    • This increase in median T-O-X marks the third consecutive monthly improvement.
  4. For districts with more than 10 resale transactions in June 2016, District 12 (Serangoon, Toa Payoh, Balestier) posted the highest median T-O-X at POSITIVE $30,000. For districts with more than 10 resale transactions in June 2016, District 12 (Serangoon, Toa Payoh, Balestier) posted the highest median T-O-X at POSITIVE $30,000.

    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 18 posts the most negative median T-O-X District 18 (Simei, Tampines, Pasir Ris) posted a T-O-X of NEGATIVE $22,000.

  6. Median days-on-market (DOM) for non-landed private properties was 137 days in 2016Q2 Quarter-on-quarter, median DOM was 14.5 days shorter compared to 151.5 days in 2016Q1.

    DOM represents the number of days a property has been listed on the market before it is transacted.

June 2016 HDB Resale (Download the full report here)

Headline: HDB Resale Price Decreases by 0.6%; Volume Remains Flat.
More  
  1. HDB resale prices decrease in June 2016 There was a decrease of 0.6% in HDB Resale prices in June 2016 compared to that of May 2016. The resale prices of HDB 3 Room and HDB 5 Room Flats decreased by 0.7%, and 0.8% respectively. On the other hand, the resale prices of HDB 4 Room Flats remain unchanged and Executive Flats increased by 0.1%.

    According to the SRX Property Price Index for HDB Resale:

    • Year-on-year, prices have also decreased by 0.6% from June 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 June 2016, HDB resale prices of mature estates and non-mature estates decreased by 0.7% and 0.5% respectively.
    • Year-on-year, prices in mature estates have increased by 0.2% from June 2015;
    • Year-on-year, prices in non-mature estates have decreased by 1.3% from June 2015.
  2. Resale volume stays flat According to HDB resale data compiled by SRX Property, 1,823 HDB resale flats were sold in June 2016, which is almost the same as the 1,826 transacted units in May 2016.

    • Year-on-year, resale volume increased by 6.7% compared to 1,709 units resold in June 2015;
    • Resale volume was down by 50.0% compared to its peak of 3,649 units in May 2010.
  3. Overall median Transaction Over X-Value (T-O-X) is ZERO in June 2016. According to SRX Property, the median T-O-X for HDB was ZERO in June 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 ZERO in June 2016, up by $1,000 compared to the figure in May 2016;
    • Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in June 2016 were NEGATIVE $1000, NEGATIVE $500, POSITIVE $1000 and POSITIVE $2,000 respectively.
  4. Clementi posts the highest median T-O-X For HDB towns having more than 10 resale transactions with T-O-X in June 2016, Clementi reported the highest median TOX of POSITIVE $11,000 followed by POSITIVE $6,000 in Kallang/Whampoa.

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

  5. Among relatively active towns, Bukit Merah posts the most negative median T-O-X Among HDB towns having more than 10 resale transactions with T-O-X in June 2016, the lowest median T-O-X was in Bukit Merah at NEGATIVE $15,500, followed by Bukit Batok at NEGATIVE $10,000.

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
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.