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CCR = Core Central Region
RCR = Rest of Central Region
OCR = Outside Central Region
A. Non-Landed Private Residential Rental Market
Private rents decrease by 0.4% in August. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents decreased by 0.4% in August 2017 compared to July 2017. Non-Landed Private Residential units rents in CCR and OCR decreased by 0.7% and 1.1% respectively, while those in RCR increased by 0.7%.
According to SRX Property Price Index for Non-landed Private Rentals:
Rental volume decreases by 10.4%. According to SRX Property, an estimated 4,271 Non-landed Private Residential units were rented in August 2017. This represented an 10.4% decrease from 4,766 units rented in July 2017.
B. HDB Rental Market
HDB rents remain unchanged According to SRX Property Price Index for HDB Rentals, rents remain unchanged from July 2017 to August 2017. HDB 3 Rooms and HDB 4 Rooms decreased by 0.1% and 0.5% respectively, while HDB 5 Rooms increased by 0.9%. HDB Executives remained unchanged.
According to SRX Property Price Index for HDB Rentals:
According to SRX Property Price Sub-Indices for HDB Rentals in Mature and Non-mature Estates:
HDB rental volume decreases by 6.4%. According to SRX Property, an estimated 1,658 HDB flats were rented in August 2017. This represented an 6.4% decrease from 1,772 units rented in July 2017.
Note: Prices and volume exclude enbloc transactions from Serangoon Ville
Non-landed Private Residential Resale Prices increased 0.7% in August 2017.Non-landed Private Residential Resale prices increased 0.7% in August 2017 compared to July 2017. In individual sectors, both CCR and OCR recorded a price increase of 0.2% and 1.6% respectively, while RCR price index has remained unchanged.
According to the SRX Non-Landed Private Residential Price Index:
Resale volume increases by 19.2% According to Non-Landed Private Residential Resale data compiled by SRX Property, an estimated 1,273 Non-landed Private Residential units were resold in August 2017. This is a 19.2% increase compared to 1,068 units resold in July 2017.
Overall median Transaction Over X-Value (TOX) is ZERO in August 2017. 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.
District 1 and District 3 post highest median T-O-X For districts with more than 10 resale transactions in August 2017, District 1 (Boat Quay / Raffles Place / Marina) and District 3 (Alexandra / Commonwealth) posted the highest median T-O-X at POSITIVE $20,000.
This means that a majority of the buyers in those districts purchased units above the computer-generated market value.
Among relatively active districts, District 20 posts the most negative median T-O-X. District 20 (Ang Mo Kio / Bishan / Thomson) posted a T-O-X of NEGATIVE $20,000.
This means that a majority of the buyers in these districts purchased units below the computer-generated market value.
HDB resale prices inch up in August 2017. There was an increase of 0.1% in HDB Resale prices in August 2017 compared to that of July 2017. The resale prices of HDB 4 Rooms, HDB 5 Rooms and HDB Executive increased by 0.4%, 0.2% and 0.4% respectively, while HDB 3 Rooms decreased by 0.4%.
According to the SRX Property Price Index for HDB Resale:
According to the SRX Property Price Sub-Indices for HDB Resale:
Resale volume increases in August 2017. According to HDB resale data compiled by SRX Property, 1,957 HDB resale flats were sold in August 2017, a 9.6% increase from 1,785 transacted units in July 2017.
Overall median Transaction Over X-Value (T-O-X) is ZERO in August 2017. According to SRX Property, the median T-O-X for HDB was ZERO in August 2017. The median T-O-X for HDB measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.
Serangoon posts the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in August 2017, Serangoon reported the highest median TOX of POSITIVE $11,000 followed by POSITIVE $6,000 in Bukit Panjang.
This means that majority of the buyers in these towns have purchased units above the computer-generated market value.
. Among relatively active towns, Hougang posts the most negative median T-O-X. Among HDB towns having more than 10 resale transactions with T-O-X in August 2017, the lowest median T-O-X was in Hougang at NEGATIVE $7,000, followed by Pasir Ris at NEGATIVE $6,000.
This means that majority of the buyers in these towns have purchased units below the computer generated market value.
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:
For more information, please refer to the SPI White Paper.
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