Non-Landed Private Residential Resale Prices increased by 0.5% in February 2019, the largest monthly increase since July 2018

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

•  Year-on-year prices increased by 4.6% over February 2018.
•  Prices were 0.9% lower than the peak in July 2018.
•  CCR, RCR and OCR recorded year-on-year price increases of 3.7%, 5.4% and 4.5% respectively.
•  The January 2019 index value revised to 0.0% from -0.3% previously reported.

 

2. Non-Landed Private Residential resale volume decreased. An estimated 523 Non-Landed Private Residential resale units were resold in February 2019. This represents an 8.7% decrease from the 573 units resold in January 2019 and a 56.7% decrease from the 1,207 units resold in February 2018.



3. Overall median Transaction Over X-Value (TOX) is NEGATIVE $10,000. The median TOX for Non-Landed Private Residential measures whether people are overpaying (POSITIVE TOX) or underpaying (NEGATIVE TOX) relative to the SRX Property’s X-Value estimated market value.  TOX remains unchanged from January 2019.



4. District 14 posts highest median TOX. For districts having more than 10 resale transactions in February 2019, District 14 (Geylang, Eunos) posted the highest median TOX at POSITIVE $23,000, followed by District 17 (Loyang, Changi) at POSITIVE $13,000.



5. District 4 posts the lowest median TOX. For districts having more than 10 resale transactions with TOX in February 2019, District 4 (Telok Blangah, Harbourfront) posted the lowest median TOX at NEGATIVE $180,000, followed by District 11 (Watten Estate, Novena, Thomson) at NEGATIVE $55,000.