Non-landed private home resale prices dip 0.6% from September: SRX Property

The resale prices of non-landed private residential units in October dipped 0.6 per cent from September this year, according to latest data from SRX Property released on Wednesday (Nov 11).

Units in the Core Central Region, Rest of Central Region and Outside of Central Region all posted a price drop of 1.1 per cent, 0.5 per cent and 0.4 per cent respectively. Overall resale prices also went down 2.6 per cent, when compared on a year-on-year basis.

Resale volume of non-landed private residential units in October increased 9.8 per cent from the previous month. SRX Property also said an estimated 505 units were resold in October.

However, compared to a year ago, resale volume was flat as a total of 504 units were resold in October 2014.

The median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property’s estimated market value, was -S$3,000.

For districts with more than 10 resale transactions, District 15 (Katong, Joo Chiat, Amber Road) posted the highest median TOX of S$20,000. The lowest median TOX was in District 14 (Geyang, Eunos) at -S$30,000.

Source : Channel NewsAsia – 11 Nov 2015