The resale volume of non-landed
private residential units was up 16% 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% from the 560 units resold in July.
Resale prices inched up 0.2% from
July, driven by units in the Rest of Central Region, which posted a price
increase of 1.8%. In contrast, prices of units in the Core Central Region and
Outside of Central Region, were down 0.5% and 0.2% respectively.
Overall resale prices were down
1.7%, 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 $14,000. The lowest median TOX was in District 21 (Upper Bukit Timah, Ulu
Pandan) at -$20,000.
Source: CNA
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