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Property Data11 Jun 2019

Non-Landed Private Residential Resale Prices to Rise by 0.4% in May 2019

1. Rest of Central Region is the best performing, with price index increase of 0.8%, followed by 0.2% in OCR and 0.1% in CCR.

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According to the SRX Property Price Index for Non-Landed Private Residential Resale:
  •  Year-on-year, prices increased by 2.3%.
  •  All regions recorded a year-on-year price increase, CCR by 1.4%, RCR by 2.4% and OCR by 2.6%.
  •  April 2019 index movement revised to 0.8% from 0.9% previously reported.

 2. Volume increased by 3.0% with 835 units resold in May 2019, compared to the 811 units recorded in April 2019. However, this was 46.1% less units resold than in May 2018.

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3.Overall median Transaction Over X-Value (T-O-X) is POSITIVE $10,000 in May 2019. The median T-O-X for Non-Landed Private Residential measures whether people are overpaying (POSITIVE T-O-X) or underpaying (NEGATIVE T-O-X) the SRX Property X-Value estimated market value. TOX remained unchanged as compared to POSITIVE $10,000 T-O-X for April 2019.

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4.District 4 posts highest median T-O-X. For districts having more than 10 resale transactions in May 2019, District 4 (Telok Blangah, Harbourfront) posted the highest median T-O-X at POSITIVE$48,000, followed by District 21 (Upper Bukit Timah, Ulu Pandan) at POSITIVE $40,000.

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5. District 22 posts the lowest median T-O-X. For districts having more than 10 resale transactions with T-O-X in May 2019, District 22 (Jurong) posted the lowest median T-O-X at NEGATIVE $13,000, followed by District 16 (Bedok, Upper East Coast) and 18 (Tampines, Pasir Ris) at NEGATIVE $11,000.
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