Private property resale volume slumps 10.6% in September: SRX Property

The private housing market remained in the doldrums in September, with sales of non-landed units continuing to decline, according to flash estimates from SRX Property released on Tuesday (Oct 13).

A total of 446 non-landed private homes were resold last month, down 10.6 per cent compared to the 499 units resold in August. On a year-on-year basis, resale volume was down 4.7 per cent from the 468 units resold in September 2014.

Resale prices inched down 0.1 per cent from August, with the fall led by units in the Rest of Central Region and Outside of Central Region, which posted price declines of 1.4 per cent and 0.9 per cent, respectively. In contrast, prices of units in the Core Central Region rose 2.8 per cent from the previous month, SRX Property said.


The median Transaction Over X-Value (TOX) for private property, which measures whether people are overpaying or underpaying SRX Property’s estimated market value, rose for the first time in six months to S$1,000.

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 19 (Serangoon, Hougang, Punggol), with -S$5,000.

Source : Channel NewsAsia – 13 Oct 2015

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