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%.
∙ 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.
∙ 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. 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.