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
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.
ReplyDeleteLenders also require higher credit ratings for shorter terms that enhance your monthly debt service expenses. canada mortgage calculator Mortgages routinely have constant payments that do not change on the life in the mortgage, except between terms. canada mortgage calculator
ReplyDelete