1. Non-Landed Private Residential resale prices decrease by 0.4% in October 2018.
Non-Landed Private Residential resale prices decrease by 0.4% in October2018 compared to September 2018. In individual sectors, RCR recorded a price increase of 0.9%, while CCR and OCR prices decreased by 1.7% and 0.7% respectively.
According to SRX Property Price Index for Non-Landed Private Residential Resale:
2. Non-Landed Private Residential resale volume increases by 3.7%.
- Year-on-year, prices in October 2018 increased by 8.7% from October 2017.
- October 2018 prices were down by 1.0% from its peak in July 2018.
- In October 2018, CCR, RCR and OCR recorded a year-on-year price increase of 8.1%, 9.4% and 8.6% respectively from October 2017.
- Monthly change in index value for September 2018 was revised to -0.5% from -0.2%.
An estimated 703 Non-Landed Private Residential resale units were resold in October2018. This represents a 3.7% increase from 678 units resold in September 2018.
3. Overall median Transaction Over X-Value (TOX) is POSITIVE $4,000 in October 2018.
- Year-on-year, resale volume in October 2018 was 53.0% lower than 1,497 units resold in October 2017.
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. District 4 posts highest median T-O-X.
- Overall median T-O-X was POSITIVE $4,000 in October 2018. This is an increase of $3,000 comparing to POSITIVE $1,000 T-O-X for September 2018.
For districts having more than 10 resale transactions in October 2018, District 4 (Telok Blangah, Harbourfront) posted the highest median T-O-X at POSITVE $50,000, followed by District 28 (Seletar) at POSITIVE $44,000.
5. District 12 posts the lowest median T-O-X.
For districts having more than 10 resale transactions with T-O-X in October 2018, District 12 (Balestier, Toa Payoh, Serangoon) posted the lowest median T-O-X at NEGATIVE $49,000, followed by District 20 (Bishan, Ang Mo Kio) at NEGATIVE $20,000.