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1. CCR and RCR prices decrease 1.0% in November 2019; OCR prices increase by 0.8%.

non landed private resale price index 2019 november
non landed private resale price index by region 2019 november
According to the SRX Price Index for Non-Landed Private Residential Resale:

  • Month-on-month, overall prices decrease by 0.1% over October 2019.
  • Year-on-year, overall prices increase by 1.5% over November 2018.
  • In terms of regions, year-on-year, CCR and OCR prices increase by 1.1% and 2.9%, respectively; RCR prices decrease by 0.6%.

2. Volumes decrease by 7.2% with 801 units resold in November 2019, compared to 863 units transacted in October 2019.

non landed private resale volume 2019 november

  • Volumes are 25.0% higher than in November 2018, and 10.7% higher than the 5-year average volume for the month of November.
  • Breaking down by regions, in November 2019, 49.7% of the volume comes from OCR, 26.1% comes from CCR and 24.1% comes from CCR.

3. The highest transacted price for a resale unit in the month was achieved at $25.08 million at Hilltops.

  •  In RCR, the highest transacted price was a unit at The Crest resold for $3.7 million.
  •  In OCR, the highest transacted price was a unit at The Trilinq resold for $4.98 million.

4. Overall Transaction Over X-Value (T-O-X) is NEGATIVE $2,000 in November 2019. This represented a $2,000 decrease as compared to October 2019. The median T-O-X for Non-Landed Private Residential measures whether people are overpaying (POSITIVE T-O-X) or underpaying (NEGATIVE T-O-X) the SRX X-Value estimated market value.

non landed private resale median transaction over xvalue 2019 november
non landed private resale tox by district 2019 november

  • District 2 (Chinatown / Tanjong Pagar) posted the highest median T-O-X at POSITIVE $55,000, followed by District 13 (Macpherson / Potong Pasir) at POSITIVE $18,900.
  • District 16 (Bedok / Upper East Coast) posted the lowest median T-O-X at NEGATIVE $41,000, followed by District 8 (Farrer Park / Serangoon Rd) at NEGATIVE $40,000.
  • T-O-X data only include districts with more than 10 resale transactions with X-Value.

Source: https://www.srx.com.sg/research/57361/nlp-resale-prices-and-volume-sees-slight-drop-in-november-2019–yoy-still-an-increase

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