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Property Data12 Mar 2019

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

1. Prices rise in all regions. CCR, RCR and OCR recorded price increases of 0.2%, 0.8% and 0.5% respectively.

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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.

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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.

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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.

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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.
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Property Data 13 March
Rental Market Remains Stagnant in February 2019 for Non-Landed Private Residential and HDB. Volume in Both Markets Decreased.
Rental Market Remains Stagnant in February 2019 for Non-Landed Private Residential and HDB. Volume in Both Markets Decreased.
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HDB Resale Prices Remain Unchanged at 0.0% and Resale Volume Decreases by 15.8% in February 2019
HDB Resale Prices Remained Unchanged but Resale Volume Decreased in February 2019
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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