Forgot your password?
or

Don't have an account? Create An Account

For agents interested in participating on SRX, please contact us at +65 6635 3388 or write to us at feedback@srx.com.sg

ON TRACK

Achieve the life you want, in the home you love
Property News14 Feb 2017

SRX: Condo resale prices up 1.1% in January, rising for third straight month

High Rise Private Condo East Coast Parkway

Resale prices of non-landed private homes in Singapore rose 1.1 per cent in January from the previous month, according to SRX Property's flash estimates released on Tuesday (Feb 14).

This is bigger than the 0.5 per cent gains seen in December and November 2016.

Resale properties in prime locations led the gains, rising 1.9 per cent month on month. Units in the rest of central region and those in outlying areas recorded price increases of 1.5 per cent and 0.4 per cent respectively.

Year on year, resale prices last month were 0.3 per cent higher than in January 2016, though still down 6.8 per cent from their recent peak in January 2014.

The gradual recovery in the resale market as buyers moderated their asking prices was also reflected in the rise in transactions.

An estimated 526 units were resold in January, 9.1 per cent more than the 482 units for December 2016, and 29.9 per cent higher than the 405 units for January 2016.

Compared to the peak of 2,050 units resold in April 2010, volume was down by 74.3 per cent.

SRX figures also showed that condo units in the resale market are still changing hands at below perceived market prices.

Its overall median Transaction Over X-Value (TOX) - which measures how far or below a computer-generated market value units are actually going for - was negative S$4,000 in January from negative S$5,000 in December.

Median TOX for Jan17




For districts with more than 10 resale transactions in January, district 23 (Bukit Panjang, Choa Chu Kang) posted the highest median TOX of positive S$2,000.

Among relatively active districts, districts 15 and 16 (Katong, Joo Chiat, Amber Road, Bedok, Upper East Coast) posted the most negative median TOX of negative S$25,000.


The Straits Times


Like this article? Share it.
mySG Home
Your Digital Home
Track Your Home. Discover Your Wealth
MY PROPERTY
CONCIERGE
The free, personalized advice, advocacy, and guidance for buying or renting property in Singapore
ON TRACK
Property News 25 April
Pei Fu building in S$76.25m collective sale
The acquisition - brokered by William Gan Realty - was undertaken by Oxley Kyanite Pte Ltd, in which SLB has an indirect 51 per cent interest with mainboard-listed Oxley Holdings owning the remaining 49 per cent share.
Property News 24 April
Two freehold sites going en bloc
Owners of Park House's 56 apartments, which are approximately 1,571 sq ft each, will receive at least S$5 million, while owners at the four shops, at about 1,528 sq ft each, will receive at least S$6.65 million, said marketing agent CBRE in a statement.
Property News 23 April
Twin Vew preview draws over 7,500 visitors
On its first day on Saturday, visitors turned up nearly an hour before the showflat opened at 10am, said the firm. "The popularity of the range of units was evident by the queues that lasted throughout the day outside all three show units," it said, adding that some were drawn to the development for its proximity to the Jurong Lake District.
Property News 20 April
Local tie-up snaps up Sembawang mall for $248m
A joint venture comprising two local business groups is buying Sembawang Shopping Centre from CapitaLand Mall Trust (CMT) for $248 million - almost the double the complex's latest valuation.

Contact Us

Hello Singapore! I'm Sevi. Ask me any property question.
Chat with Sevi
Sevi - AI Bot
Replies in seconds
Need to speak to someone? 6635-3388
Sevi
I'm Sevi, your personal assistant.

You can ask me basic property questions about transactions, listings, project info and X-value.

Some Examples:

1. Where is Gem Residences located?
2. Are there listings in Hillview Regency for 3 bedrooms and budget of $1.5m?
3. For how much can I sell my property?
4. What are the latest transactions in Bayshore Park?
5. Is it cheaper to buy HDB in Tampines or Jurong East?
6. What is the plot ratio for The Sail?
7. How many blocks are there in Ang Mo Kio Ave 3?

Type RESET or HELP whenever you need.