Tag Archives: Resale prices

Private Home Resale Prices up

http://www.channelnewsasia.com/news/singapore/private-home-resale/1465684.html

While prices have gone up, the number of resale transactions dipped by 2.2 per cent on-month in October with an estimated 451 units resold, according to flash estimates from SRX Property.

Resale prices of non-landed private homes climbed marginally in October by 0.4 per cent month-on-month, according to flash estimates from SRX Property on Tuesday (Nov 11).

When compared with October 2013, resale prices of non-landed private homes have dropped 4.5 per cent. Compared with the recent peak in January 2014, prices have declined 5.2 per cent, SRX said.

Resale prices of private homes in the Rest of Central Region and Outside of Central Region drove the climb, with both increasing 0.6 per cent. In contrast, prices in the Core Central Region dipped 0.3 per cent.

However, the number of resale transactions slipped by 2.2 per cent from September, with an estimated 451 units resold in October compared to the 461 transacted units from the previous month.

TOX REMAINS IN NEGATIVE RANGE

The overall median Transaction Over X-value (TOX), which measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value, dipped to -S$4,000 in October from -S$2,000 in September.

For districts with more than 10 resale transactions, districts 9, 10 and 25 saw a positive median TOX, with district 10 posting the highest median TOX of S$30,000, followed by district 9 with S$22,000 and district 25 with S$15,000.

Conversely, districts 14 had the lowest median TOX, posting -S$41,000, followed by district 12 with -S$40,000 and district 11 with -S$31,000.

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Resale prices of non-landed private homes dip in September, but volume increases

Resale prices of non-landed private homes fell 0.3 per cent in September from the previous month, SRX Property said in its flash report on Tuesday.

The lower figure was attributed to a 2.1 per cent fall in resale prices of homes in the Outside Central Region (OCR).

In comparison, prices of non-landed private homes in the Core Central Region (CCR) and Rest of Central Region (RCR)went up by 0.9 per cent and 2.9 per cent, respectively.

Prices of homes in the CCR has continued to rise after a 4.2 per cent gain in August.

According to the the SRX Property report, resale prices of non-landed private homes have dropped 4.6 per cent from September 2013. They are also 5.6 per cent lower from a peak in January this year.

On the other hand, resale volume increased by 15.3 per cent in September. An estimated 468 Non-landed Private Residential units were resold in September, up from 406 transacted units in August.

Year-on-year, resale volume improved 13.3 per cent compared with 413 units resold in September 2013. Resale volume is down 77.2 per cent when compared to its peak of 2,050 resold in April 2010.

Rental volume decreased by 14.0 per cent in September. An estimated 3,171 Non-landed Private Residential units were rented, down 14 per cent from the 3,688 units rented in August.

Year-on-year, rental volume in September 2014 is 8.7 per cent higher compared with the 2,916 units rented in September 2013.

Rental prices have also continued to fall. According to the SRX Property, rents dipped 0.2 per cent in September compared to August.

Non-landed private residential units in RCR and OCR saw decreases in rent of 0.6 per cent and 0.9 per cent respectively, while units in CCR posted a rent increase of 0.3 per cent.

– See more at: http://business.asiaone.com/property/news/resale-prices-non-landed-private-homes-dip-september-volume-increases#sthash.RZNc85Vd.dpuf