X-Value: A Forward Indicator of Property Marketing Activity

As analysts are speculating that the property market is picking up, figures in SRX's X-Value requests show a strong correlation between the number of monthly X-Value requests and monthly transactions. These figures of X-Value requests can be a forward indicator of the property market activity. 







What is X-Value^TM ?

X-Value is a computer-generated appraisal of HDB, private condominiums, and landed properties in Singapore. This service is free to the public and brings greater transparency and efficiency to Singapore’s property markets by facilitating property pricing, valuation inspections and reports, and mark-to-market portfolio management.

Developed with government and private funding, it sources raw data from the nation's most comprehensive property database and instantaneously calculates a single value for any home using best practices methodologies, including comparable market analysis

How is X-Value^TM Calculated?

Using web services, database management techniques, and algorithms, StreetSine computer systems collect published and proprietary pricing information from the property market. In calculating X-ValueTM, the computer uses Comparable Market Analysis (CMA) as the primary methodology for estimating the value of an apartment or a landed home. This approach is also known as the Sales Comparison Approach. It is the most common method for pricing a home for the purposes of buying, selling, renting or analyzing it. CMA evaluates Property Type, Location, Temporary Occupation Permit (TOP) Date, Last Contract Date, Tenure, Size, Floor Level, Relevant SRX Price Index, and External Area Value.

How can I track my home X-Value^TM ?
Everyone can calculate the X-Value of their homes on myProperty Tracker on srx.com.sg/tracker, absolutely free.






SEE ALSO: Press Release - StreetSine Crosses 150,000 X-Value™ Valuations per Month, Underscoring a Growing Interest in Singapore Property