According to the SRX Non-Landed Private Residential Price Index:
- Year-on-year, prices in June 2017 increased by 2.2% from June 2016. In individual sectors, CCR, RCR and OCR recorded a year-on-year price increase of 3.7%, 3.0% and 0.8% respectively.
- June 2017 prices were down by 4.4% from the peak in January 2014.
- Year-to-date, prices increase by 2.9% in comparison to January 2017.
- Price change in May 2017 was revised from 0.4% to 0.5%.
2. Resale volume decreases by 12.5%. According to Non-Landed Private Residential Resale data compiled by SRX Property, an estimated 1,065 Non-landed Private Residential units were resold in June 2017. This is a 12.5% decrease compared to 1,217 units resold in May 2017.
- Year-on-year, resale volume in June 2017 was 51.1% higher compared to 705 units resold in June 2016;
- Resale volume was down by 48.0% compared to its peak of 2,050 units resold in April 2010.
3. Overall median Transaction Over X-Value (TOX) is $1,000 in June 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 June 2017 is $1,000. This is a $1,000 decrease compared to $2,000 in May 2017.
4. District 11 post highest median T-O-X. For districts with more than 10 resale transactions in June 2017, District 11 (Newton and Novena) posted the highest median T-O-X at POSITIVE $40,000.
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 4 posts the most negative median T-O-X. District 4 (Harbourfront and Telok Blangah) posted a T-O-X of NEGATIVE $120,000.
This means that a majority of the buyers in these districts purchased units below the computer-generated market value.