Private Resale Non-Landed Prices Increase 1.1% in January, marking third consecutive monthly increase since Oct 2016; Volume Increases 9.1%

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

∙         Year-on-year, prices in January 2017 increased by 0.3% from January 2016. In individual sectors, RCR and OCR recorded a year-on-year price decrease of 0.1% and 1.1% respectively. On the other hand, CCR posted a year-on-year price increase of 2.7%.

∙         January 2017 prices were down by 6.8% from the recent peak in January 2014.

∙         Price change in December 2016 was revised from 0.4% to 0.5%. 

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∙         Year-on-year, resale volume in January 2017 was 29.9% higher compared to 405 units resold in January 2016;

∙         Resale volume was down by 74.3% compared to its peak of 2,050 units resold in April 2010.

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.



∙         The median T-O-X in January 2017 is NEGATIVE $4,000, This is a $1,000 increase compared to NEGATIVE $5,000 in December 2016.

4. District 23 posts highest median T-O-X. For districts with more than 10 resale transactions in January 2017, District 23 (Bukit Panjang, Choa Chu Kang) posted the highest median T-O-X at POSITIVE $2,000.


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 15 and 16 posts the most negative median T-O-X. District 15 and 16 (Katong, Joo Chiat, Amber Road, Bedok, Upper East Coast) posted a T-O-X of NEGATIVE $25,000.

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