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 Data09 Oct 2018

Non-Landed Private Residential Resale Prices Decrease by 0.2% and Resale Volume Decreases by 0.7% in September 2018

1. Non-Landed Private Residential resale prices decrease by 0.2% in September 2018. Non-Landed Private Residential resale prices decrease by 0.2% in September 2018 compared to August 2018. In individual sectors, OCR recorded a price increase of 0.5%, while CCR and RCR prices decreased by 1.2% and 0.8% respectively.

1

2

According to SRX Property Price Index for Non-Landed Private Residential Resale:
  •  Year-on-year, prices in September 2018 increased by 10.8% from September 2017.
  •  September 2018 prices were down by 0.5% from its peak in July 2018.
  •  In September 2018, CCR, RCR and OCR recorded a year-on-year price increase of 11.3%, 10.0% and 11.2% respectively from September 2017.
  •  Monthly change in index value for August 2018 was revised to -0.3% from -0.2%.
  •  OCR prices set a new record high since June 2013.
  •  Quarter-on-quarter, prices have increased by 1.5% from Q2 2018. Quarter-on-quarter calculation is based on the index average of three months in Third Quarter of 2018 and that of the preceding quarter.

2. Non-Landed Private Residential resale volume decreases by 0.7%. An estimated 702 Non-Landed Private Residential resale units were resold in September 2018. This represents a 0.7% decrease from 707 units resold in August 2018.

3
  •  Year-on-year, resale volume in September 2018 was 44.3% lower than 1,260 units resold in September 2017.


3. Overall median Transaction Over X-Value (TOX) is POSITIVE $1,000 in September 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 POSITIVE $1,000 in September 2018. This is an increase of $1,000 comparing to ZERO T-O-X for August 2018.


4. Districts 9 and 21 post highest median T-O-X.
 For districts having more than 10 resale transactions in September 2018, Districts 9 (Orchard, Cairnhill, River Valley) and 21 (Upper Bukit Timah, Ulu Pandan) posted the highest median T-O-X at POSITVE $20,000, followed by District 3 (Queenstown, Tiong Bahru) at POSITIVE $18,000.

5

5. District 4 posts the lowest median T-O-X. For districts having more than 10 resale transactions with T-O-X in September 2018, District 4 (Telok Blangah, Harbourfront) posted the lowest median T-O-X at NEGATIVE $105,000, followed by District 15 (Katong, Joo Chiat, Amber Road) at NEGATIVE $40,000.

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.