CCR = Core Central Region
RCR = Rest of Central Region
OCR = Outside Central Region
A. Non-Landed Private Residential Rental Market
Private rent prices flat According to SRX Property Price Index for Non-landed Private Residential Rentals, rents remained the same in April 2016 compared to March 2016. Breaking down by sectors, rents for Non-landed Private Residential units in CCR remained the same, rents in RCR increased by 0.1% while OCR experienced a decrease in rents by 0.1%.
According to SRX Property Price Index for Non-landed Private Rentals:
Rental volume decreases by 10.3% According to SRX Property, an estimated 3.953 Non-landed Private Residential units were rented in April 2016. This represented a 10.3% decrease from 4,405 units rented in March 2016.
B. HDB Rental Market
HDB rents decrease by 0.6% in April. According to SRX Property Price Index for HDB Rentals, rents decreased by 0.6% from March 2016 to April 2016. HDB 3 and 5 Rooms flats posted 0.8% and 1.1% decrease in rents respectively. HDB 4 Rooms rents remained the same while HDB Executive posted a 0.4% increase in rents.
According to SRX Property Price Index for HDB Rentals:
According to SRX Property Price Sub-Indices for HDB Rentals in Mature and Non-mature Estates:
HDB rental volume decreases by 2.2% in April According to SRX Property, an estimated 2,048 HDB flats were rented in April 2016, a 2.2% decrease from 2,093 units rented in March 2016.
Non-landed Private Residential Resale Prices increase in April 2016 Non-landed Private Residential Resale prices increased by 0.5% in April 2016 compared to March 2016. In individual sectors, CCR and RCR recorded a price increase of 0.7% and 1.3%, respectively. On the other hand, OCR posted a 0.2% decrease in price.
According to the SRX Non-landed Private Residential Price Index:
Resale volume increases by 17.6% in April 2016 According to Non-landed Private Residential Resale data compiled by SRX Property, an estimated 689 Non-landed Private Residential units were resold in April 2016. This is a 17.6% increase compared to 586 units resold in March 2016. This also presents a 3 year record since the last high of 726 units in May 2013.
Overall median Transaction Over X-Value (TOX) increases in April 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.
District 20 posts highest median T-O-X For districts with more than 10 resale transactions in April 2016, District 20 (Bishan, Ang Mo Kio) posted the highest median T-O-X at POSITIVE $24,000.
This means that a majority of the buyers in this district purchased units above the computer-generated market value.
Among relatively active districts, District 22 posts the most negative median T-O-X District 22 (Jurong) posted a T-O-X of NEGATIVE $25,000.
This means that a majority of the buyers in these districts purchased units below the computer-generated market value.
HDB resale price inches down in April 2016 HDB resale prices decrease 0.1% in April 2016 compared to that of March 2016. The resale prices of HDB 3 Rooms and Executive Flats increased by 0.6% and 0.1% respectively. On the other hand, the resale prices of HDB 4 Room Flats remained the same while HDB 5 Rooms resale prices decreased by 0.9%. Prices have remained relative flat for the past year since Apr 2015.
According to the SRX Property Price Index for HDB Resale:
According to the SRX Property Price Sub-Indices for HDB Resale:
Resale volume increases According to HDB resale data compiled by SRX Property, 1,828 HDB resale flats were sold in April 2016, a 10.3% increase from 1,657 transacted units in March 2016. The volume represents a record high since the recent cooling measures of ABSD2 and TDSR were introduced in 2013 (see cooling measures for more details)
Overall median Transaction Over X-Value (T-O-X) is ZERO in April 2016 According to SRX Property, the median T-O-X for HDB was ZERO in April 2016. The median T-O-X for HDB measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.
Queenstown posts the highest median T-O-X For HDB towns having more than 10 resale transactions with T-O-X in April 2016, Queenstown reported the highest median TOX of POSITIVE $11,000 followed by POSITIVE $8,000 in Tampines.
This means that majority of the buyers in these towns have purchased units above the computer-generated market value.
Among relatively active towns, Clementi posts the most negative median T-O-X Among HDB towns having more than 10 resale transactions with T-O-X in April 2016, the lowest median T-O-X was in Clementi at NEGATIVE $10,000, followed by Pasir Ris at NEGATIVE $8,000.
This means that majority of the buyers in these towns have purchased units below the computer generated market value.
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