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Property Data12 Feb 2019

Non-Landed Private Residential Resale Prices Decrease by 0.3% and Resale Volume Decreases by 1.1% in January 2019

1. Non-Landed Private Residential resale prices decrease by 0.3% in January 2019. Non-Landed Private Residential resale prices decrease by 0.3% in January 2019 compared to December 2018. In individual sectors, OCR recorded a price increase of 0.5%, while CCR and RCR prices decreased by 1.8% 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 January 2019 increased by 6.0% from January 2018.
  •  January 2019 prices were down by 1.6% from its peak in July 2018.
  •  In January 2019, CCR, RCR and OCR recorded a year-on-year price increase of 4.5%, 6.4% and 6.5% respectively from January 2018.
  •  Monthly change in index value for December 2018 was revised to -0.6% from -0.8%.

2Non-Landed Private Residential resale volume decreases by 1.1%. An estimated 529 Non-Landed Private Residential resale units were resold in January 2019. This represents a 1.1% decrease from 535 units resold in December2018.

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  •  Year-on-year, resale volume in January 2019 was 52.7% lower than 1,118 units resold in January 2018.

3. Overall median Transaction Over X-Value (TOX) is NEGATIVE $10,000 in January 2019. 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 January 2019. TOX remains unchanged as compared to NEGATIVE $10,000 T-O-X for December 2018.

4. District 9 posts highest median T-O-X. For districts having more than 10 resale transactions in January 2019, District 9 (Orchard, Cairnhill, River Valley) posted the highest median T-O-X at POSITVE $39,000, followed by District 11 (Watten Estate, Novena, Thomson) at POSITIVE $35,000.

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5. District 10 posts the lowest median T-O-X. For districts having more than 10 resale transactions with T-O-X in January 2019, District 10 (Bukit Timah, Holland Rd, Tanglin) posted the lowest median T-O-X at NEGATIVE $110,000, followed by District 15 (Katong, Joo Chiat, Amber Road) at NEGATIVE $42,000.
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Property Data 13 February
Non-Landed Private Residential Rents Increase by 1.9% and HDB Rents Increase by 0.3% in January 2019
Both Non-Landed Private Residential Rents and HDB Rents Increased in January 2019
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Non-Landed Private Residential Resale Prices Decrease by 0.3% and Resale Volume Decreases by 1.1% in January 2019
Non-Landed Private Residential Resale Prices and Volume Decreased in January 2019
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

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