September private resale volume down 10.6%: SRX

By The Folks @PropTalk - October 13, 2015 1 Comment

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


1 comment to ''September private resale volume down 10.6%: SRX"

ADD COMMENT
  1. There have been many ups and downs in my Luxury Real Estate dove mountain and the building manager handles everything with such an ease, confidence, professionalism and care.

    ReplyDelete