Private property resale volume up 34% year-on-year in June: SRX Property

The resale volume of non-landed private residential units was up 34 per cent year-on-year in June, with an estimated 552 units resold, the SRX Property said on Tuesday (Jul 14).

However, compared to the previous month, resale volume was down 10 per cent from the 613 units resold in May.

Resale prices inched up 0.4 per cent from May, driven by units in the Rest of Central Region and Outside of Central Region, which posted price increases of 1.1 per cent and 0.5 per cent, respectively. In contrast, prices of units in the Core Central Region were down 0.8 per cent from the previous month, SRX Property said.

Overall resale prices were down 1.6 per cent, however, when compared on a year-on-year basis.

TOX REMAINS NEUTRAL

The median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property’s estimated market value, remained neutral.

For districts with more than 10 resale transactions, District 5 (Pasir Panjang, Clementi) posted the highest median TOX of S$30,000, followed by District 10 (Bukit Timah, Holland Road, Tanglin) and District 15 (Joo Chiat, Marine Parade, Katong) with S$14,000 for both districts.

The lowest median TOX was in District 9 (Orchard Road, River Valley), with -S$55,000.

Source : Channel NewsAsia – 14 Jul 2015

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