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Property Data08 Jan 2019

Non-Landed Private Residential Resale Prices Decrease by 0.8% and Resale Volume Decreases by 24.0% in December 2018

1. Non-Landed Private Residential resale prices decrease by 0.8% in December 2018. Non-Landed Private Residential resale prices decrease by 0.8% in December 2018 compared to November 2018. In individual sectors, CCR, RCR and OCR prices decreased by 1.8%, 0.5% and 0.6% respectively.

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           According to SRX Property Price Index for Non-Landed Private Residential Resale:

  •  Year-on-year, prices in December 2018 increased by 7.5% from December 2017.
  •  December 2018 prices were down by 1.5% from its peak in July 2018.
  •  In December 2018, CCR, RCR and OCR recorded a year-on-year price increase of 6.5%, 8.4% and 7.3% respectively from December 2017.
  •  Monthly change in index value for November 2018 was revised to 0.3% from 0.2%.
  •  Quarter-on-quarter, prices have decreased by 0.8% from Q3 2018. Quarter-on-quarter calculation is based on the index average of three months in Fourth Quarter of 2018 and that of the preceding quarter.


2. Non-Landed Private Residential resale volume decreases by 24.0%.
 An estimated 479 Non-Landed Private Residential resale units were resold in December 2018. This represents a 24.0% decrease from 630 units resold in November 2018.

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  •  Year-on-year, resale volume in December 2018 was 50.7% lower than 972 units resold in December 2017.

3. Overall median Transaction Over X-Value (TOX) is NEGATIVE $10,000 in December 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.

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  •  Overall median T-O-X was NEGATIVE $10,000 in December 2018. TOX remains unchanged as compared to NEGATIVE $10,000 T-O-X for November 2018.

4. District 27 posts highest median T-O-X. For districts having more than 10 resale transactions in December 2018, District 27 (Yishun, Sembawang) posted the highest median T-O-X at POSITVE $21,000, followed by District 4 (Telok Blangah, Harbourfront) at POSITIVE $10,000.

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5. District 15 posts the lowest median T-O-X. For districts having more than 10 resale transactions with T-O-X in December 2018, District 15 (Katong, Joo Chiat, Amber Road) posted the lowest median T-O-X at NEGATIVE $80,000, followed by District 10 (Telok Blangah, Harbourfront) at NEGATIVE $70,000.

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ON TRACK
Property Data 09 January
Non-Landed Private Residential Rents Decrease by 0.2% and HDB Rents Increase by 0.6% in December 2018
Non-Landed Private Residential Rents Decreased but HDB Rents Increased in December 2018
Property Data 08 January
Non-Landed Private Residential Resale Prices Decrease by 0.8% and Resale Volume Decreases by 24.0% in December 2018
Non-Landed Private Residential Resale Prices and Volume Decreased in December 2018
Property Data 12 December
Non-Landed Private Residential Rents Increase by 0.6% and HDB Rents Decrease by 0.5% in November 2018
Non-Landed Private Residential Rents Increased but HDB Rents Decreased in November 2018

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