Private home resale prices, volume end year flat: SRX

Resale prices of non-landed private homes inched up 0.1 per cent in December 2014 from the previous month, while resale volume remained flat, according to flash estimates from SRX Property on Tuesday (Jan 13).

Year-on-year, resale prices dropped 4.2 per cent from December 2013. Compared with the recent peak in January 2014, prices have declined 6.1 per cent, SRX said.

Resale prices of private homes in the Outside of Central Region rose 0.5 per cent month-on-month. In comparison, prices in the Core Central Region and Rest of Central Region fell 1.1 per cent and 1.2 per cent, respectively.

Resale volume remained flat, with 371 units resold in December, unchanged from November. Year-on-year, resale volume was 13.1 per cent higher compared with the 328 units transacted in December 2013.


The overall median Transaction Over X-value (TOX), which measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value, fell to -S$10,000 last month from zero in November.

For districts with more than 10 resale transactions, districts 25 (Kranji, Woodgrove) had the highest median TOX of S$25,000, followed by district 15 (Katong, Joo Chiat, Amber Rd) with S$24,000.

Conversely, district 10 (Bukit Timah, Holland, Tanglin) had the lowest median TOX with -S$80,000, followed by district 23 (Bukit Panjang, Choa Chu Kang) with -S$41,000 and district 5 (Pasir Panjang, Clementi) with -S$32,000.

Source : Channel NewsAsia – 13 Jan 2015

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