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StreetSine Launches SRX Property Index (SPI)

10 June 2013. Today StreetSine officially released the SRX Property Index (SPI) as a public service to the Singapore property community.



The basket of indices caters for public and private as well as sales and rental transactions in Singapore. On the Friday of the first full work week of each month, StreetSine will release a monthly update to the SPI.

The index differs from other Singapore indices in four distinct ways:
  1. SPI is the first index to calculate price changes that take into account unique Singaporean factors such as the property's distance to a top primary school or an MRT station. The index, of course, controls for standard index factors like location, age of property, size, floor levels and land tenure.

  2. SPI uses a Hedonic Regression methodology modeled on proven real estate economics and consumer price indices worldwide.

  3. SPI employs unique data available only to SRX. As a result, for private sale transactions, the indices include both public caveated transactions and non-caveated transactions, resulting in a comprehensive view of the property market at any point in time.

  4. Due to its industry-wide integration with the market's major estate agencies, StreetSine, on behalf of SRX, collects, processes, integrates and crunches data in real-time. Hence, StreetSine can calculate and release monthly SPI updates before other Singaporean indices.
For more information on the SPI, please refer to the SPI White Paper.


About StreetSine. StreetSine Pte Ltd builds data pipes and software applications for the real estate industry. Professional real estate agents and investors use its tools to co-broke and transact property.

Since November 2007, StreetSine has successfully introduced a number of innovative Information Communication Technologies (ICT) applications to the real estate industry, including Home Report™, Agent Connect™, Validated Listings™, eSubmit, SRX Circles™, SRX Analyzer™, and SRX Locate™. The company is the architect and administrator for the Singapore Real Estate Exchange (SRX™), certified to ISO 9001:2008 Quality Management System Standards, GST registered, and Best Start-up 2010 as judged by the Singapore InfoComm Technology Federation.

In 2011, the InfoComm Development Authority of Singapore (IDA) awarded StreetSine a financial grant to design and build the next-generation ICT platform for the real estate industry. SRX Circles and SRX Locate are part of that ICT platform.

In 2013, IDA awarded StreetSine a financial grant to design and build a valuation engine.

For more information on SPI or any other StreetSine service, please contact us at [email protected] or visit us at www.streetsine.com.

About SRX. The Singapore Real Estate Exchange (SRX) is an electronic network powered by StreetSine Technology. Leading Estate Agencies and salespersons go to SRX to obtain market information to conduct real estate transactions. SRX is the only place in Singapore where agents can find Validated Listings™ and real-time, instant, and live transacted prices for sales and rentals, as they occur.

For more information on SRX, contact [email protected] or visit www.srx.com.sg.




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