Ready to Buy, Sell or Rent?
Download SRX Property 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 Research

 A. Non-Landed Private Residential Rental Market

1. Private rents decrease by 0.8% in May. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents decreased by 0.8% in May 2017 compared to April 2017. Non-Landed Private Residential units rents in CCR, RCR and OCR decreased by 1.8%, 0.5% and 0.4% respectively.

1

2

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

  • Year-on-year, rents in May 2017 were down by 3.9% from May 2016. In individual sectors, CCR, RCR and OCR posted 3.7%, 3.2% and 4.8% year-on-year decrease in price, respectively.
  • Rents in May 2017 were 19.7% down compared to its peak in January 2013.
  • Price index is down 1.1% on year-to-date basis from January 2017.
  • Price change was revised from 0.0% to 0.1% in April 2017.

2. Rental volume increases by 12.5%. According to SRX Property, an estimated 4,650 Non-landed Private Residential units were rented in May 2017. This represented a 12.5% increase from 4,134 units rented in April 2017.

3
  • Year-on-year, rental volume in May 2017 was 6.1% higher than 4,381 units rented in May 2016.

B. HDB Rental Market

1. HDB rents increase by 0.7%. 
According to SRX Property Price Index for HDB Rentals, rents increased by 0.7% from April 2017 to May 2017. HDB 3 Rooms, HDB 4 Rooms, HDB 5 Rooms and HDB Executive increased by 1.5%, 0.6%, 0.2% and 0.2% respectively.

4

5
According to SRX Property Price Index for HDB Rentals:
  • Year-on-year, rents in May 2017 were down by 3.7% from May 2016.
  • Rents in May 2017 were down 13.0% compared to its peak in August 2013.
  • Year-to-date, rental price index has declined by 0.4% from January 2017.
  • Price change was revised from 0.1% to 0% in April 2017. 
6

7

According to SRX Property Price Sub-Indices for HDB Rentals in Mature and Non-mature Estates:

  • Rents in Mature Estate and Non-mature Estates increased by 1.2% and 0.1% respectively.
  • Year-on-year, rents of Mature Estates in May 2017 slipped 2.8% from May 2016.
  • Year-on-year, rents of Non-mature Estates in May 2017 dropped 4.5% from May 2016.

 8

  • Year-on-year, rental volume in May 2017 decreased by 3.5% from May 2016.
1. Non-landed Private Residential Resale Prices increased 0.4% in May 2017. Non-landed Private Residential Resale prices increased 0.4% in May 2017 compared to April 2017. In individual sectors, both CCR and RCR recorded a price increase of 1.1%, while OCR recorded a price decrease by 0.4%.

1

2

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

  • Year-on-year, prices in May 2017 increased by 1.5% from May 2016. In individual sectors, CCR, RCR recorded a year-on-year price increase of 3.5% and 2.3% respectively, while OCR recorded a year-on-year price decrease of 0.2%.
  • May 2017 prices were down by 5.2% from the recent peak in January 2014.
  • Year-to-date, prices increase by 2.1% in comparison to January 2017.
  • Price change in April 2017 was revised from 0.0% to -0.2%.

2. Resale volume increases by 17.4%. According to Non-Landed Private Residential Resale data compiled by SRX Property, an estimated 1,235 Non-landed Private Residential units were resold in May 2017. This is a 17.4% increase compared to 1,052 units resold in April 2017.

3
  • Year-on-year, resale volume in May 2017 was 57.7% higher compared to 783 units resold in May 2016;
  • Resale volume was down by 39.8% compared to its peak of 2,050 units resold in April 2010.

3. Overall median Transaction Over X-Value (TOX) is $2,000 in May 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.

4
  • The median T-O-X in May 2017 is $2,000. This is a $3,000 decrease compared to $5,000 in April 2017.

 
4. Districts 4 post highest median T-O-X. For districts with more than 10 resale transactions in May 2017, District 4 (Harbourfront and Telok Blangah) posted the highest median T-O-X at POSITIVE $60,000.

5
This means that a majority of the buyers in those districts purchased units above the computer-generated market value.

5. Among relatively active districts, District 17 posts the most negative median T-O-X. District 17 (Changi) posted a T-O-X of NEGATIVE $21,000.

This means that a majority of the buyers in these districts purchased units below the computer-generated market value.



 
HDB Resale Prices inch down 0.1%; Volume increase by 8.1%.

Posted on 08 Jun 2017

Share
Tweet
Whatsapp
Shares
Like this post on Facebook:
1. HDB resale prices decrease in May 2017. There was a decrease of 0.1% in HDB Resale prices in May 2017 compared to that of April 2017. The resale prices of 5 Rooms and HDB Executive increased by 0.5% and 0.3% respectively, while HDB 3 Rooms remain unchanged and HDB 4 Rooms decreased by 0.1%.

1

2

3

According to the SRX Property Price Index for HDB Resale:

  • Year-on-year, prices have decreased by 0.7% from May 2016;
  • Prices have declined by 11.6% since the peak in April 2013;
  • There is no price revision to the -0.3% change in April 2017.

4


5

According to the SRX Property Price Sub-Indices for HDB Resale:

  • In May 2017, HDB resale prices in mature estates increased by 0.2%, while non-mature estates decreased by 0.4%;
  • Year-on-year, prices in mature estates have increased by 0.1% from May 2016;
  • Year-on-year, prices in non-mature estates have decreased by 1.3% from May 2016;

2. Resale volume increases in May 2017. According to HDB resale data compiled by SRX Property, 1,983 HDB resale flats were sold in May 2017, an 8.1% increase from 1,834 transacted units in April 2017.

6
  • Year-on-year, resale volume increased by 7.5% compared to 1,844 units resold in May 2016.
  • Resale volume was down by 45.7% compared to its peak of 3,649 units in May 2010.

3. Overall median Transaction Over X-Value (T-O-X) is NEGATIVE $2,000 in May 2017. According to SRX Property, the median T-O-X for HDB was NEGATIVE $2,000 in May 2017. The median T-O-X for HDB measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.

7
  • Overall Median T-O-X was NEGATIVE $2,000 in May 2017, decreased by $1,000 compared to the figure in April 2017;
  • Median T-O-X for HDB 3 Room, 4 Room, 5 Room and Executive flats in May 2017 were NEGATIVE $3,000, ZERO, NEGATIVE $3,000 and NEGATIVE $1,500 respectively.

4. Bishan posts the highest median T-O-X. For HDB towns having more than 10 resale transactions with T-O-X in May 2017, Bishan reported the highest median TOX of POSITIVE $10,000 followed by POSITIVE $3,500 in Jurong East.

This means that majority of the buyers in these towns have purchased units above the computer-generated market value.

5. Among relatively active towns, Toa Payoh and Sembawang post the most negative median T-O-X. Among HDB towns having more than 10 resale transactions with T-O-X in May 2017, the lowest median T-O-X was in Toa Payoh at NEGATIVE $16,000, followed by Sembawang at NEGATIVE $10,000.

This means that majority of the buyers in these towns have purchased units below the computer generated market value.

A. Non-Landed Private Residential Rental Market

1. Private rents increase by 0.1% in April. 
According to SRX Property Price Index for Non-landed Private Residential Rentals, rents increased by 0.1% in April 2017 compared to March 2017. Non-Landed Private Residential units rents in CCR increased by 2.3%, while in RCR and OCR decreased by 0.2% and 1.3% respectively.

1

2

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

  • Year-on-year, rents in April 2017 were down by 3.6% from April 2016. In individual sectors, CCR, RCR and OCR posted 1.8%, 3.6% and 5.0% year-on-year decrease in price, respectively.
  • Rents in April 2017 were 19.0% down compared to its peak in January 2013.
  • Price index is down 0.2% on year-to-date basis from January 2017.
  • No revision for price change in March 2017.
2. Rental volume decrease by 18.7%. According to SRX Property, an estimated 3,653 Non-landed Private Residential units were rented in April 2017. This represented a 18.7% decrease from 4,493 units rented in March 2017.
3
  • Year-on-year, rental volume in April 2017 was 15.8 % lower than 4,336 units rented in April 2016.

B. HDB Rental Market

1. HDB rents increase by 0.1%. 
According to SRX Property Price Index for HDB Rentals, rents increased by 0.1% from March 2017 to April 2017. HDB 3 Rooms, HDB 5 Rooms and HDB Executive increased by 0.1%, 0.4% and 2.2% respectively. On the other hand, HDB 4 Rooms decreased by 0.7%.

4
5

According to SRX Property Price Index for HDB Rentals:

  • Year-on-year, rents in April 2017 were down by 4.3% from April 2016.
  • Rents in April 2017 were down 13.6% compared to its peak in August 2013.
  • Year-to-date, rental price index has declined by 1.0% from January 2017.
  • Price change was revised from -0.5% to -0.6% in March 2017. 

6

7

According to SRX Property Price Sub-Indices for HDB Rentals in Mature and Non-mature Estates:

  • Rents in Mature Estate increased by 0.4% and Non-mature Estates decreased by 0.3%.
  • Year-on-year, rents of Mature Estates in April 2017 slipped 4.2% from April 2016.
  • Year-on-year, rents of Non-mature Estates in April 2017 dropped 4.5% from April 2016.
2. HDB rental volume decreases by 17.2%. According to SRX Property, an estimated 1,619 HDB flats were rented in April 2017, a 17.2% decrease from 1,956 units rented in March 2017.

8

  • Year-on-year, rental volume in April 2017 decreased by 21.4% from April 2016.

1. Non-landed Private Residential Resale Prices unchanged in April 2017. Non-landed Private Residential Resale prices remain unchanged at 0.0% in April 2017 compared to March 2017. In individual sectors, RCR and OCR recorded a price increase of 1.2%, 0.1% respectively, while in CCR recorded a price decrease by 1.2%.

1

2

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

∙         Year-on-year, prices in April 2017 increased by 1.8% from April 2016. In individual sectors, CCR, RCR and OCR recorded a year-on-year price increase of 4.6%, 1.6%, 0.5% respectively.

∙         April 2017 prices were down by 5.4% from the recent peak in January 2014.

∙         Price change in March 2017 was revised from 0.5% to 0.8%.

2. Resale volume decreases by 21.0%. According to Non-Landed Private Residential Resale data compiled by SRX Property, an estimated 907 Non-landed Private Residential units were resold in April 2017. This is a 21.0% decrease compared to 1148 units resold in March 2017.

3

∙         Year-on-year, resale volume in April 2017 was 48.0% higher compared to 613 units resold in April 2016;

∙         Resale volume was down by 55.8% compared to its peak of 2,050 units resold in April 2010.

3. Overall median Transaction Over X-Value (TOX) is $5,000 in April 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.

4
         The median T-O-X in April 2017 is $5,000. This is a $5,000 increase compared to ZERO in March 2017.

4. Districts 16 and 21 post highest median T-O-X. For districts with more than 10 resale transactions in April 2017, District 16 (Bedok and Upper East Coast) and 21 (Clementi Park and Upper Bukit Timah) posted the highest median T-O-X at POSITIVE $37,000.

5

This means that a majority of the buyers in those districts purchased units above the computer-generated market value.

5. Among relatively active districts, District 11 posts the most negative median T-O-X. District 11 (Newton and Novena) 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.


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.