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%.
- 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.