Condo Resale Prices Up 0.8%, Volume Up 21.6% in October 2020 | Singapore Property News

Condo Resale Prices Up 0.8%, Volume Up 21.6% in October 2020

10 Nov 2020
Property Data
1. CCR, RCR and OCR prices increase by 0.5%, 1.0% and 0.8% in October 2020.
According to the SRX Price Index for Condo Resale:

condo resale price index 2020 october

condo resale price index by region 2020 october
  • Month-on-month, overall prices increase by 0.8% over September 2020.
  • Year-on-year, overall prices increase by 0.7% over October 2019.
  • In terms of regions, year-on-year, RCR and OCR prices increase by 0.9% and 1.9% respectively while CCR prices decrease by 2.9%.

2. An estimated 1,509 units are resold in October 2020, a 21.6% increase from the 1,241 units resold in September 2020.

condo resale volume 2020 october

  • Volumes are 72.9% higher than in October 2019, and 78.0% higher than the 5-year average volumes for the month of October.
  • Breaking down by regions, in October 2020, 58.0% of the volumes are from OCR, 25.3% from RCR and 16.8% from CCR.

3. The highest transacted price for a resale unit in the month is achieved at $62.0 million at Wallich Residence.

  • In RCR, the highest transacted price is a unit at Reflections at Keppel Bay resold for $9.1 million.
  • In OCR, the highest transacted price is a unit at Costa Del Sol resold for $2.9 million.

4. Overall Transaction Over X-Value (T-O-X) is $0 in October 2020. 
This represented no change as compared to September 2020. The median T-O-X for Condo Resale measures whether people are overpaying (POSITIVE T-O-X) or underpaying (NEGATIVE T-O-X) the SRX X-Value estimated market value.

condo resale median transaction over xvalue 2020 october

condo resale tox by district 2020 october
  • District 11 (Newton / Novena) posted the highest median T-O-X at POSITIVE $9,000, followed by District 12 (Balestier / Toa Payoh) at POSITIVE $8,000 T-O-X.
  • District 2 (Chinatown / Tanjong Pagar) posted the lowest median T-O-X at NEGATIVE $13,000, followed by District 5 (Buona Vista / West Coast / Clementi New Town) at NEGATIVE $10,600.
  • T-O-X data only include districts with more than 10 resale transactions with X-Value.
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