Study Methodology
The market value in this study is based on the total X-Value of all measurable non-landed residential properties.
Over 200,000 unique non-landed private (NLP) residential units were derived from addresses found in URA and SRX transactions databases. The market capitalization (market cap) represents the sum of all X-Value for these NLP units.
The X-Value can be calculated retrospectively i.e. an X-Value for a unit can be calculated at a historical point in time. This allows us to calculate the market value in September 2014 and September 2015.
The X-Value
X-Value is based on the same real-time transaction data which powers the SRX Property Price Index. The Index is reported by all major media outlets (eg. Straits Times, Channel News Asia and Business Times) every month.
Calculate your home's X-value here or subscribe to get a monthly update of your home's X-Value at my Property Tracker.