Latest Posts

Private resale up 0.1% in September: SRPI

- October 28, 2015 3 Comments

Resale prices of private homes rose last month, according to Singapore Residential Price Index (SRPI) estimates, which were released on Wednesday (Oct 28).

The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices increased 0.1% in September from the previous month, when prices fell 0.7% from a month earlier.

Prices of small units, which have a floor area of 506sqf or below, led the rise with a 0.4% increase.

Prices of homes in the non-central region, excluding small units, were up 0.3% in September. Prices of home in the central region, excluding small units, declined 0.4%.
Source: CNA

September private resale volume down 10.6%: SRX

- October 13, 2015 2 Comments

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% compared to the 499 units resold in August. On a year-on-year basis, resale volume was down 4.7% from the 468 units resold in September 2014.

Resale prices inched down 0.1% 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% and 0.9%, respectively. In contrast, prices of units in the Core Central Region rose 2.8%  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 $1,000.

For districts with more than 10 resale transactions, District 15 (Katong, Joo Chiat, Amber Road) posted the highest median TOX of $20,000. The lowest median TOX was in District 19 (Serangoon, Hougang, Punggol), with -$5,000.
Source: CNA

Private home prices continue to slide for 8th straight quarter: URA

- October 4, 2015 1 Comment

The overall private residential property index fell for an eighth straight quarter, with prices down by 1.3% in the July to September period, compared to the 0.9% decline in the previous quarter, according to Urban Redevelopment Authority (URA) flash estimates released on Oct 1.

Prices of non-landed private residential properties declined in all market segments, the URA said. In the Core Central Region, prices fell 1.3%, higher than the 0.6% decline in the previous quarter. Prices in the Rest of Central Region fell 1.5%, compared to the 0.6% decline in the previous quarter. In the Outside Central Region, prices fell 1.6%, higher than the 1.1% decline in the previous quarter.

The flash estimates are compiled based on transaction prices given in contracts submitted for stamp duty payment and survey data on new units sold by developers during the first 10 weeks of the quarter. The statistics will be updated four weeks later when URA releases the full real estate statistics for the third quarter of 2015, which captures more data from the stamp duty records and the take-up of new projects.

"Past data have shown that the difference between the quarterly price changes indicated by the flash estimate and the actual price changes could be significant when the change is small. The public is advised to interpret the flash estimates with caution," the URA added.
Source: CNA

Everything seems to be falling these days... private home prices, the stock market and even COE. Only thing that keeps going up is the darn PSI!