1. CCR, RCR and OCR prices increase by 0.5%, 0.1% and 0.3% in November 2020.
According to the SRX Price Index for Condo Resale:
- Month-on-month, overall prices increase by 0.3% over October 2020.
- Year-on-year, overall prices increase by 1.3% over November 2019.
- In terms of regions, year-on-year, RCR and OCR prices increase by 1.8% and 1.4% respectively while CCR prices decrease by 0.6%.
- Volumes are 83.5% higher than in November 2019, and 76.0% higher than the 5-year average volumes for the month of November.
- Breaking down by regions, in November 2020, 59.7% of the volumes are from OCR, 23.3% from RCR and 17.0% from CCR.
3. The highest transacted price for a resale unit in the month is achieved at $11.7 million at Nassim Jade.
- In RCR, the highest transacted price is a unit at Corals at Keppel Bay resold for $6.9 million.
- In OCR, the highest transacted price is a unit at The Chuan resold for $3.6 million.
4. Overall Transaction Over X-Value (T-O-X) is $11,000 in November 2020. This represented an increase of $11,000 as compared to October 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.
- District 8 (Farrer Park / Serangoon Rd) posted the highest median T-O-X at POSITIVE $50,000, followed by District 4 (Sentosa / Harbourfront) at POSITIVE $46,500 T-O-X.
- District 14 (Eunos / Geylang / Paya Lebar) posted the lowest median T-O-X at NEGATIVE $4,000, followed by District 9 (Orchard / River Valley) at ZERO T-O-X.
- T-O-X data only include districts with more than 10 resale transactions with X-Value.
