reporter2
11-12-19, 22:05
Singapore condo resale prices down slightly in November: SRX
Wed, Dec 11, 2019
VIVIENNE TAY
RESALE prices for non-landed private residential properties in Singapore dipped slightly in November after two straight months of increase. Sales volumes also declined, according to flash figures from real estate portal SRX Property on Tuesday.
Condominium resale prices fell 0.1 per cent in November from the previous month, compared with a 0.8 per cent rise in October. Volumes, meanwhile, fell 7.2 per cent; 801 units were resold in November, compared with 863 units in October.
Overall prices rose 1.5 per cent from a year ago.Volumes were 25 per cent higher year on year, and 10.7 per cent higher than the five-year average volume for the month of November.
By region, the core central region (CCR) and rest of central region (RCR) saw a 1.0 per cent drop in November, while the outside of central region (OCR) was up 0.8 per cent. Year on year, the CCR prices rose 1.1 per cent, OCR prices increased 2.9 per cent, while RCR prices dropped 0.6 per cent. The highest transacted price for a resale unit for November was Hilltops, which went for S$25.08 million.
In the RCR, the highest transacted price was for a unit at The Crest, resold for S$3.7 million. In the OCR, the highest transacted price was for a unit at The Trilinq resold for S$4.98 million. The overall transaction over X-value (TOX) worsened in November to negative S$2,000, representing a S$2,000 decrease from October, which had recovered from September to reach S$0.
The highest median TOX was recorded in District 2's Chinatown or Tanjong Pagar at positive S$55,000, followed by District 13's MacPherson or Potong Pasir at positive S$18,900. The lowest median TOX was recorded at District 16's Bedok or Upper East Coast at negative S$41,000, followed by District 8's Farrer Park or Serangoon Road at negative S$40,000.
TOX measures the amount a buyer is overpaying (positive value) or underpaying (negative value) for a property based on SRX's computer-generated market value. The data includes only districts with more than 10 resale transactions.
Wed, Dec 11, 2019
VIVIENNE TAY
RESALE prices for non-landed private residential properties in Singapore dipped slightly in November after two straight months of increase. Sales volumes also declined, according to flash figures from real estate portal SRX Property on Tuesday.
Condominium resale prices fell 0.1 per cent in November from the previous month, compared with a 0.8 per cent rise in October. Volumes, meanwhile, fell 7.2 per cent; 801 units were resold in November, compared with 863 units in October.
Overall prices rose 1.5 per cent from a year ago.Volumes were 25 per cent higher year on year, and 10.7 per cent higher than the five-year average volume for the month of November.
By region, the core central region (CCR) and rest of central region (RCR) saw a 1.0 per cent drop in November, while the outside of central region (OCR) was up 0.8 per cent. Year on year, the CCR prices rose 1.1 per cent, OCR prices increased 2.9 per cent, while RCR prices dropped 0.6 per cent. The highest transacted price for a resale unit for November was Hilltops, which went for S$25.08 million.
In the RCR, the highest transacted price was for a unit at The Crest, resold for S$3.7 million. In the OCR, the highest transacted price was for a unit at The Trilinq resold for S$4.98 million. The overall transaction over X-value (TOX) worsened in November to negative S$2,000, representing a S$2,000 decrease from October, which had recovered from September to reach S$0.
The highest median TOX was recorded in District 2's Chinatown or Tanjong Pagar at positive S$55,000, followed by District 13's MacPherson or Potong Pasir at positive S$18,900. The lowest median TOX was recorded at District 16's Bedok or Upper East Coast at negative S$41,000, followed by District 8's Farrer Park or Serangoon Road at negative S$40,000.
TOX measures the amount a buyer is overpaying (positive value) or underpaying (negative value) for a property based on SRX's computer-generated market value. The data includes only districts with more than 10 resale transactions.