1. Non-landed Private Residential Resale prices increased by 0.4% in December 2016 compared to November 2016. Non-landed Private Residential Resale prices increased by 0.4% in December 2016 compared to November 2016. In individual sectors, OCR recorded a price increase of 1.2% while the prices in RCR decreased by 0.5%. On the other hand, the prices in CCR remained unchanged.
According to the SRX Non-Landed Private Residential Price Index:
∙ Year-on-year, prices in December 2016 increased by 0.1% from December 2015. In individual sectors, RCR and OCR recorded a year-on-year price decrease of 0.9% and 0.4% respectively. On the other hand, CCR posted a year-on-year price increase of 1.8%.
∙ December 2016 prices were down by 7.8% from the recent peak in January 2014.
∙ Price change in November 2016 was revised from 0.3% to 0.5%
2. Resale volume decreases by 21.7%. According to Non-landed Private Residential Resale data compiled by SRX Property, an estimated 484 Non-landed Private Residential units were resold in December 2016. This is a 21.7% decrease compared to 618 units resold in November 2016.
∙ Year-on-year, resale volume in December 2016 was 6.8% higher compared to 453 units resold in December 2015;
∙ Resale volume was down by 76.3% compared to its peak of 2,050 units resold in April 2010.
∙ The median T-O-X in December 2016 is NEGATIVE $5,000, This is a $2,000 decrease compared to NEGATIVE $3,000 in November 2016.
This means that a majority of the buyers in this district purchased units above the computer-generated market value.
This means that a majority of the buyers in these districts purchased units below the computer-generated market value.