Ready to Buy, Sell or Rent?
Download App to transact.
Details
Forgot your password?
or

Don't have an account? Create An Account

For agents interested in participating on SRX, please contact us at +65 6635 3388 or write to us at feedback@srx.com.sg

Shortlisted Properties

X
Project Name Price Size PSF Type Remove
Save to PDF

SRX Property Index (SPI) Chart

Touch graph to see detail.
Sorry. We are unable to display the indices for your selections.
Note: The latest month's value is based on flash estimate.
Source: Singapore Real Estate Exchange (SRX)

Download SRX Flash         Report

Observations

Legend:

CCR = Core Central Region

RCR = Rest of Central Region

OCR = Outside Central Region

December 2018 Rentals   (Download the full report here)

Headline: Non-Landed Private Residential Rents Decrease by 0.2% and HDB Rents Increase by 0.6% in December 2018.
More  

A. Non-Landed Private Residential Rental Market

  1. Non-Landed Private Residential rents decrease by 0.2% in December 2018. Non-Landed Private Residential rents decrease by 0.2% in December 2018 compared to November 2018. In individual sectors, CCR and OCR recorded a rent increase of 0.3% and 0.1% respectively, while RCR rents decreased by 0.9%.

    According to SRX Property Price Index for Non-landed Private Rentals:

    • Year-on-year, rents in December 2018 increased by 0.1% from December 2017.
    • Rents in December 2018 were down by 19.8% from its peak in January 2013.
    • In December 2018, RCR and OCR recorded a year-on-year rent increase of 2.1% and 0.7%, while CCR posted a 3.1% decrease from December 2017.
    • Monthly change in index value for November 2018 remained unchanged at 0.6%.
  2. Non-Landed Private Residential rental volume decreases by 9.4%. An estimated 3,450 Non-Landed Private Residential units were rented in December 2018. This represents a 9.4% decrease from 3,810 units rented in November 2018.

    • Year-on-year, rental volume in December 2018 was 8.5% lower than 3,771 units rented in December 2017.

B. HDB Rental Market

  1. HDB rents increase by 0.6% in December 2018. HDB rents increase by 0.6% in December 2018 compared to November 2018. HDB 3 Rooms, HDB 4 Rooms and HDB Executive recorded a rent increase of 0.5%, 0.2% and 4.0% respectively, while HDB 5 Rooms rents decreased by 0.2%. Rents in Mature Estates increased by 1.0% while those in Non-mature Estates remained unchanged at 0.0% as compared to November 2018.

    According to SRX Property Price Index for HDB Rentals:

    • Year-on-year, rents in December 2018 decreased by 0.4% from December 2017.
    • Rents in December 2018 were down by 15.4% from its peak in August 2013.
    • In December 2018, both Mature Estates and Non-mature Estates recorded a year-on-year rent decrease of 0.3% and 0.5% respectively from December 2017.
    • Monthly change in index value for November 2018 remained unchanged at -0.5%.
  2. HDB rental volume decreases by 8.9%. An estimated 1,601 HDB flats were rented in December 2018. This represents an 8.9% decrease from 1,757 units rented in November 2018.

    • Year-on-year, rental volume in December 2018 was 4.2% lower than 1,671 units rented in December 2017.

December 2018 Non-Landed Private Resale (Download the full report here)

Headline: Non-Landed Private Residential Resale Prices Decrease by 0.8% and Resale Volume Decreases by 24.0% in December 2018.
More  
  1. Non-Landed Private Residential resale prices decrease by 0.8% in December 2018. Non-Landed Private Residential resale prices decrease by 0.8% in December 2018 compared to November 2018. In individual sectors, CCR, RCR and OCR prices decreased by 1.8%, 0.5% and 0.6% respectively.

    According to the SRX Non-Landed Private Residential Price Index:

    • Year-on-year, prices in December 2018 increased by 7.5% from December 2017.
    • December 2018 prices were down by 1.5% from its peak in July 2018.
    • In December 2018, CCR, RCR and OCR recorded a year-on-year price increase of 6.5%, 8.4% and 7.3% respectively from December 2017.
    • Monthly change in index value for November 2018 was revised to 0.3% from 0.2%.
    • Quarter-on-quarter, prices have decreased by 0.8% from Q3 2018. Quarter-on-quarter calculation is based on the index average of three months in Fourth Quarter of 2018 and that of the preceding quarter.
  2. Non-Landed Private Residential resale volume decreases by 24.0%. An estimated 479 Non-Landed Private Residential resale units were resold in December 2018. This represents a 24.0% decrease from 630 units resold in November 2018.

    • Year-on-year, resale volume in December 2018 was 50.7% lower than 972 units resold in December 2017.
  3. Overall median Transaction Over X-Value (TOX) is NEGATIVE $10,000 in December 2018. The median T-O-X for Non-Landed Private Residential measures whether people are overpaying (POSITVE T-O-X) or underpaying (NEGATIVE T-O-X) the SRX Property X-Value estimated market value.

    • Overall median T-O-X was NEGATIVE $10,000 in December 2018. TOX remains unchanged as compared to NEGATIVE $10,000 T-O-X for November 2018.
  4. District 27 posts highest median T-O-X. For districts having more than 10 resale transactions in December 2018, District 27 (Yishun, Sembawang) posted the highest median T-O-X at POSITVE $21,000, followed by District 4 (Telok Blangah, Harbourfront) at POSITIVE $10,000.

  5. District 15 posts the lowest median T-O-X.

    For districts having more than 10 resale transactions with T-O-X in December 2018, District 15 (Katong, Joo Chiat, Amber Road) posted the lowest median T-O-X at NEGATIVE $80,000, followed by District 10 (Telok Blangah, Harbourfront) at NEGATIVE $70,000.

December 2018 HDB Resale (Download the full report here)

Headline: HDB Resale Prices Decrease by 0.3% and Resale Volume Decreases by 23.9% in December 2018.
More  
  1. HDB resale prices decrease by 0.3% in December 2018. HDB resale prices decrease by 0.3% in December 2018 compared to November 2018. The resale prices of HDB 4 Rooms and HDB 5 Rooms recorded a price increase of 0.4% and 0.3% respectively, while HDB 3 Rooms and HDB Executive prices decreased by 0.4% and 2.8% respectively. Prices in Mature Estates decreased by 1.0%, while those in Non-Mature Estates increased by 0.2% as compared to November 2018.

    According to the SRX Property Price Index for HDB Resale:

    • Year-on-year, prices in December 2018 decreased by 2.1% from December 2017.
    • Prices in December 2018 were down by 14.3% from its peak in April 2013.
    • In December 2018, both Mature Estates and Non-Mature Estates recorded a year-on-year price decrease of 2.9% and 1.4% respectively from December 2017.
    • Monthly change in index value for November 2018 was revised to 0.3%. from 0.2%.
  2. HDB resale volume decreases by 23.9%. 1,434 HDB resale flats were sold in December 2018. This represents a 23.9% decrease from 1,884 transacted units in November 2018.

    • Year-on-year, resale volume in December 2018 was 9.6% lower than 1,587 units resold in December 2017.
  3. Overall median Transaction Over X-Value (T-O-X) is NEGATIVE $2,000 in December 2018. The median T-O-X for HDB measures whether people are overpaying (POSITIVE T-O-X) or underpaying (NEGATIVE T-O-X) the SRX Property X-Value estimated market value.

    • Overall Median T-O-X was NEGATIVE $2,000 in December 2018. This is a decrease of $1,000 comparing to NEGATIVE $1,000 for November 2018.
    • Median T-O-X for HDB 3 Rooms, 4 Rooms, 5 Rooms and Executive flats in December 2018 were NEGATIVE $5,000, NEGATIVE $1,000, ZERO and NEGATIVE $6,000 respectively.
  4. Bishan posts the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in December 2018, Bishan posted the highest median T-O-X of POSITIVE $9,000, followed by Bukit Panjang and Hougang at POSITIVE $7,000.

  5. Clementi posts the lowest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in December 2018, Clementi posted the lowest median T-O-X at NEGATIVE $12,000, followed by Serangoon at NEGATIVE $10,500.

Index Value And Change

Date Value % Change
  • Prev
  • 1
  • 2
  • 3
  • Next

About SPI

About the Singapore Real Estate Exchange Property Index (SPI)

On the Friday of the first full work week for each month, SRX releases the Singapore Real Estate Exchange Property Index (SPI) as a public service to the community.

SPI differs from other Singapore indices in four distinct ways:

  1. SPI is the first index to calculate price changes that take into account unique Singaporean factors such as the property's distance to a top primary school or an MRT station. The index, of course, controls for standard index factors like location, age of property, size, floor levels and land tenure.
  2. SPI uses a Hedonic Regression methodology modeled on proven real estate economics and consumer price indices worldwide.
  3. SPI employs unique data available only to SRX. As a result, for private sale transactions, the indices include both public caveated transactions and non-caveated transactions, resulting in a comprehensive view of the property market at any point in time.
  4. Due to its industry-wide integration with the market's major estate agencies StreetSine, on behalf of SRX, collects, processes, integrates and crunches data in real-time. Hence, StreetSine can calculate and release monthly SPI updates before other Singaporean indices.

For more information, please refer to the SPI White Paper.


Disclaimer

The information contained in this document is the proprietary and exclusive property of StreeSine Singapore Pte. Ltd. (""SSPL"") except as otherwise indicated. The information contained herein is for informational purposes only and is not intended to replace any professional advice. The views expressed are entirely those of the authors.

Whilst the information is intended to be accurate and current, SSPL is not responsible for any errors or omissions in this document. SSPL may vary, withdraw or amend any information presented herein at any time without notice.

To the fullest extent permitted by law, in no event shall StreetSine, its officers and employees, affiliates, subsidiaries, successors and assigns be liable for any damages or costs, including without limitation any indirect, consequential, special, incidental, or punitive damages arising out of, based on, or resulting from your reliance on or use of the information herein.

No part of this document may be reproduced except as authorised by written permission. The copyright and the foregoing restriction extend to reproduction in all media.

©StreetSine Singapore Pte. Ltd.. All rights reserved.

Singapore Real Estate Exchange Property Index, SPI, Singapore Real Estate Exchange and SRX are trade names of SSPL.

Hello Singapore! I'm Sevi. Ask me any property question.
Chat with Sevi
Sevi - AI Bot
Replies in seconds
Need to speak to someone? 6635-3388
Sevi
I'm Sevi, your personal assistant.

You can ask me basic property questions about transactions, listings, project info and X-value.

Some Examples:

1. Where is Gem Residences located?
2. Are there listings in Hillview Regency for 3 bedrooms and budget of $1.5m?
3. For how much can I sell my property?
4. What are the latest transactions in Bayshore Park?
5. Is it cheaper to buy HDB in Tampines or Jurong East?
6. What is the plot ratio for The Sail?
7. How many blocks are there in Ang Mo Kio Ave 3?

Type RESET or HELP whenever you need.