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Thread: Condo resale prices up 1.1% in January: SRX

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    Default Condo resale prices up 1.1% in January: SRX

    http://www.straitstimes.com/business...in-january-srx

    Condo resale prices up 1.1% in January: SRX

    Feb 15, 2017


    Resale prices of non-landed private homes in Singapore rose 1.1 per cent in January from the previous month, SRX Property's flash estimates out yesterday show. This is bigger than the 0.5 per cent gains seen in the last two months of 2016.

    Resale units in prime locations led the gains, up 1.9 per cent month on month. Units in the rest of central region and those in outlying areas posted price rises of 1.5 per cent and 0.4 per cent, respectively.

    Year on year, resale prices last month were 0.3 per cent higher than in January 2016, though still down 6.8 per cent compared to their recent peak in January 2014.

    The gradual recovery in the resale market as sellers moderated their asking prices was also reflected in the rise in transactions.

    January saw 526 units transacted, 9.1 per cent up on the 482 units for December, and 29.9 per cent higher than the 405 units for January 2016. Compared to the peak of 2,050 units resold in April 2010, volume was down by 74.3 per cent.

    SRX figures also show that condo units in the resale market are still changing hands at below perceived market prices.

    SRX's overall median Transaction Over X-Value (TOX) - a measure of how far, or below computer- generated market values, units are going for - was minus $4,000 in January, an improvement from minus $5,000 in December. For locations with over 10 resale transactions in January, district 23 (Bukit Panjang, Choa Chu Kang) posted the highest median TOX of positive $2,000.

  2. #2
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    Default Condo resale prices up 1.1% in January, rising for third straight month: SRX Property

    http://www.straitstimes.com/business...h-srx-property

    Condo resale prices up 1.1% in January, rising for third straight month: SRX Property

    Feb 14, 2017

    Ann Williams


    SINGAPORE - Resale prices of non-landed private homes in Singapore rose 1.1 per cent in January from the previous month, according to SRX Property's flash estimates released on Tuesday (Feb 14).

    This is bigger than the 0.5 per cent gains seen in December and November 2016.

    Resale properties in prime locations led the gains, rising 1.9 per cent month on month. Units in the rest of central region and those in outlying areas recorded price increases of 1.5 per cent and 0.4 per cent respectively.

    Year on year, resale prices last month were 0.3 per cent higher than in January 2016, though still down 6.8 per cent from their recent peak in January 2014.

    The gradual recovery in the resale market as buyers moderated their asking prices was also reflected in the rise in transactions.

    An estimated 526 units were resold in January, 9.1 per cent more than the 482 units for December 2016, and 29.9 per cent higher than the 405 units for January 2016.

    Compared to the peak of 2,050 units resold in April 2010, volume was down by 74.3 per cent.

    SRX figures also showed that condo units in the resale market are still changing hands at below perceived market prices.

    SRX's overall median Transaction Over X-Value (TOX) - which measures how far or below computer-generated market values units are actually going for - was negative S$4,000 in January from negative S$5,000 in December.

    For districts with more than 10 resale transactions in January, district 23 (Bukit Panjang, Choa Chu Kang) posted the highest median TOX of positive S$2,000.

    Among relatively active districts, districts 15 and 16 (Katong, Joo Chiat, Amber Road, Bedok, Upper East Coast) posted the most negative median TOX of negative S$25,000.

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