Note: Prices and volume exclude enbloc transactions from Serangoon Ville
1. Non-landed Private Residential Resale Prices increased 0.7% in August 2017. Non-landed Private Residential Resale prices increased 0.7% in August 2017 compared to July 2017. In individual sectors, both CCR and OCR recorded a price increase of 0.2% and 1.6% respectively, while RCR price index has remained unchanged.
This means that a majority of the buyers in these districts purchased units below the computer-generated market value.
1. Non-landed Private Residential Resale Prices increased 0.7% in August 2017. Non-landed Private Residential Resale prices increased 0.7% in August 2017 compared to July 2017. In individual sectors, both CCR and OCR recorded a price increase of 0.2% and 1.6% respectively, while RCR price index has remained unchanged.
According to the SRX Non-Landed Private Residential Price Index:
2. Resale volume increases by 19.2%. According to Non-Landed Private Residential Resale data compiled by SRX Property, an estimated 1,273 Non-landed Private Residential units were resold in August 2017. This is a 19.2% increase compared to 1,068 units resold in July 2017.
3. Overall median Transaction Over X-Value (TOX) is ZERO in August 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.
- Year-on-year, prices in August 2017 increased by 3.2% from August 2016. In individual sectors, CCR, RCR and OCR recorded a year-on-year price increase of 4.9%, 5.0% and 1.1% respectively.
- August 2017 prices were down by 4.3% from the peak in January 2014.
- Year-to-date, prices increase by 3.0% in comparison to January 2017.
- Price change in July 2017 was revised from -0.5% to -0.3%.
2. Resale volume increases by 19.2%. According to Non-Landed Private Residential Resale data compiled by SRX Property, an estimated 1,273 Non-landed Private Residential units were resold in August 2017. This is a 19.2% increase compared to 1,068 units resold in July 2017.
- Year-on-year, resale volume in August 2017 was 50.8% higher compared to 844 units resold in August 2016;
- Resale volume was down by 37.9 % compared to its peak of 2,050 units resold in April 2010.
3. Overall median Transaction Over X-Value (TOX) is ZERO in August 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 August 2017 is ZERO. This indicates that there was no change comparing to ZERO T-O-X in July 2017.
4. District 1 and District 3 post highest median T-O-X. For districts with more than 10 resale transactions in August 2017, District 1 (Boat Quay / Raffles Place / Marina) and District 3 (Alexandra / Commonwealth) posted the highest median T-O-X at POSITIVE $20,000.
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 20 posts the most negative median T-O-X. District 20 (Ang Mo Kio / Bishan / Thomson) posted a T-O-X of NEGATIVE $20,000.
This means that a majority of the buyers in these districts purchased units below the computer-generated market value.