Forgot your password?
or

Don't have an account? Create An Account

For agents interested in participating on SRX, please contact us at +65 6635 3388 or write to us at feedback@srx.com.sg

ON TRACK

Achieve the life you want, in the home you love
Property Data11 Sep 2018

Non-Landed Private Residential Resale Prices Decrease by 0.2% and Resale Volume Decreases by 35.3% in August 2018

1. Non-Landed Private Residential resale prices decrease by 0.2% in August 2018. Non-Landed Private Residential resale prices decrease by 0.2% in August 2018 compared to July 2018. In individual sectors, OCR recorded a price increase of 0.8%, while CCR and RCR prices decreased by 0.3% and 1.6% respectively.

1

2
According to SRX Property Price Index for Non-Landed Private Residential Resale:
  •  Year-on-year, prices in August 2018 increased by 11.2% from August 2017.
  •  August 2018 prices were down by 0.2% from its peak in July 2018.
  •  In August 2018, CCR, RCR and OCR recorded a year-on-year price increase of 12.2%, 12.5% and 10.0% respectively from August 2017.
  •  Monthly change in index value for July 2018 remained unchanged at 1.0%.
  •  Overall price index records a decrease for the first time since July 2017.

 

2. Non-Landed Private Residential resale volume decreases by 35.3%. An estimated 694 Non-Landed Private Residential resale units were resold in August 2018. This represents a 35.3% decrease from 1,072 units resold in July2018.

3
  •  Year-on-year, resale volume in August 2018 was 48.2% lower than 1,339 units resold in August 2017.

3. Overall median Transaction Over X-Value (TOX) is ZERO in August 2018. The median T-O-X for Non-Landed Private Residential measures whether people are overpaying (POSITVE T-O-X) or underpaying (NEGATIVE T-O-X) the SRX Property X-Value estimated market value.

4

  •  Overall median T-O-X was ZERO in August 2018. This is a decrease of $4,000 comparing to POSITIVE $4,000 T-O-X for July 2018.

 

4. District 20 posts highest median T-O-X. For districts having more than 10 resale transactions in August 2018, District 20 (Bishan, Ang Mo Kio) posted the highest median T-O-X at POSITVE $25,000, followed by District 11 (Watten Estate, Novena, Thomson) at POSITIVE $23,000.

5

5. District 4 posts the lowest median T-O-X.  For districts having more than 10 resale transactions with T-O-X in August 2018, District 4 (Telok Blangah, Harbourfront) posted the lowest median T-O-X at NEGATIVE $37,000, followed by District 10  (Bukit Timah, Holland Rd, Tanglin) at NEGATIVE $30,000.


Like this article? Share it.
mySG Home
Your Digital Home
Track Your Home. Discover Your Wealth
MY PROPERTY
CONCIERGE
The free, personalized advice, advocacy, and guidance for buying or renting property in Singapore
ON TRACK
Property Data 10 October
Non-Landed Private Residential Rents Decrease by 0.4% and HDB Rents Decrease by 0.5% in September 2018
Both Non-Landed Private Residential Rents and HDB Rents Decreased in December 2018
Property Data 09 October
Non-Landed Private Residential Resale Prices Decrease by 0.2% and Resale Volume Decreases by 0.7% in September 2018
Both Non-Landed Private Residential Resale Prices and Volume Decreased in September 2018
Property Data 04 October
HDB Resale Prices Decrease by 0.7% and Resale Volume Decreases by 3.9% in September 2018
Both HDB Resale Prices and Resale Volume Decreased in September 2018
Property Data 12 September
Non-Landed Private Residential Rents Decrease by 0.1% and HDB Rents Increase by 0.1% in August 2018
Non-Landed Private Residential Rents Decreased while HDB Rents Increased in August 2018

Contact Us

Hello Singapore! I'm Sevi. Ask me any property question.
Chat with Sevi
Sevi - AI Bot
Replies in seconds
Need to speak to someone? 6635-3388
Sevi
I'm Sevi, your personal assistant.

You can ask me basic property questions about transactions, listings, project info and X-value.

Some Examples:

1. Where is Gem Residences located?
2. Are there listings in Hillview Regency for 3 bedrooms and budget of $1.5m?
3. For how much can I sell my property?
4. What are the latest transactions in Bayshore Park?
5. Is it cheaper to buy HDB in Tampines or Jurong East?
6. What is the plot ratio for The Sail?
7. How many blocks are there in Ang Mo Kio Ave 3?

Type RESET or HELP whenever you need.