The price increase applies across the board. CCR, RCR and OCR recorded a price increase of 0.9%, 0.3% and 0.5%, respectively.
According to the SRX Non-landed Private Residential Price Index:
- Year-on-year, prices in June 2016 increased by 1.1% from June 2015. In individual sectors, CCR posted a year-on-year price increase of 9.2%, while RCR and OCR recorded a year-on-year price decrease of 0.8% and 1.5%, respectively.
- June 2016 prices were down by 5.9% from the recent peak in January 2014.
- Year-on-year, resale volume in June 2016 was 27.4% higher compared to 592 units resold in June 2015;
- Resale volume was down by 63.2% compared to its peak of 2,050 units resold in April 2010.
- The median T-O-X in May 2016 is NEGATIVE $7,000. This is a $1,000 increase compared to NEGATIVE $8,000 in May 2016;
- This increase in median T-O-X marks the third consecutive monthly improvement.
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 18 posts the most negative median T-O-X. District 18 (Simei, Tampines, Pasir Ris) posted a T-O-X of NEGATIVE $22,000.
This means that a majority of the buyers in these districts purchased units below the computer-generated market value.
(New!) 6. Median days-on-market (DOM) for non-landed private properties was 137 days in 2016Q2. Quarter-on-quarter, median DOM was 14.5 days shorter compared to 151.5 days in 2016Q1.
DOM represents the number of days a property has been listed on the market before it is transacted.