August private resale volume rises16%, prices down 1.7% year-on-year: SRX

By The Folks @PropTalk - September 8, 2015 2 Comments

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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