Non-landed private home resale volume rises 16% year-on-year: SRX

The resale volume of non-landed private residential units was up 16 per cent year-on-year in August, with 466 units resold, according to latest data from SRX Property released on Tuesday (Sep 8).

However, compared to the previous month, resale volume declined 16.8 per cent from the 560 units resold in July.

Resale prices inched up 0.2 per cent from July, driven by units in the Rest of Central Region, which posted a price increase of 1.8 per cent. In contrast, prices of units in the Core Central Region and Outside of Central Region, were down 0.5 per cent and 0.2 per cent respectively.

Overall resale prices were down 1.7 per cent, however, when compared on a year-on-year basis.

The median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property’s estimated market value, remained neutral. TOX has remained neutral at zero for the past five months.

For districts with more than 10 resale transactions, District 14 (Geylang, Eunos) posted the highest median TOX of S$14,000. The lowest median TOX was in District 21 (Upper Bukit Timah, Ulu Pandan) at -S$20,000.

Source : Channel NewsAsia – 8 Sep 2015

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