According to the SRX Non-Landed Private Residential Price Index:
∙ Year-on-year, prices in August 2016 decreased by 0.8% from August 2015. In individual sectors, RCR and OCR recorded a year-on-year price decrease of 2.9% and 1.9% respectively. On the other hand, CCR posted a year-on-year price increase of 4.6%.
∙ August 2016 prices were down by 7.8% from the recent peak in January 2014.
2. Resale volume increases by 5.3%. According to Non-landed Private Residential Resale data compiled by SRX Property, an estimated 817 Non-landed Private Residential units were resold in August 2016. This is a 5.3% increase compared to 776 units resold in July 2016.
∙ Year-on-year, resale volume in August 2016 was 59.3% higher compared to 513 units resold in August 2015;
∙ Resale volume was down by 60.1% compared to its peak of 2,050 units resold in April 2010.
∙ The median T-O-X in August 2016 is NEGATIVE $11,000. This is a $1,000 decrease compared to NEGATIVE $10,000 in July 2016.
4. District 20 posts highest median T-O-X. For districts with more than 10 resale transactions in August 2016, District 20 (Bishan, Ang Mo Kio) posted the highest median T-O-X at POSITIVE $18,000.
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 15 posts the most negative median T-O-X. District 15 (Katong, Joo Chiat, Amber Road) posted a T-O-X of NEGATIVE $48,000.
This means that a majority of the buyers in these districts purchased units below the computer-generated market value.