Private Property Resale Volume Up 33.4% Year-On-Year in July: SRX Property

SINGAPORE: The resale volume of non-landed private residential units was up 33.4 per cent year-on-year in July, with an estimated 515 units resold, SRX Property said on Thursday (Aug 13). More units were also snapped up at executive condo such as The Terrace EC , Sea Horiozn EC and Waterwoods EC.

However, compared to the previous month, resale volume was down 10.4 per cent from the 575 units resold in June 2015.

Resale prices inched up 0.3 per cent from June, driven by units in the Core Central Region and Outside of Central Region, which posted price increases of 1.7 per cent and 1 per cent respectively. In contrast, prices of units in the Rest of Central Region were down 2.2 per cent from the previous month, SRX Property said.

Overall resale prices were down 0.9 per cent, however, when compared on a year-on-year basis.

The median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property’s estimated market value, remained neutral.

For districts with more than 10 resale transactions, District 9 (Orchard, Cairnhill, River Valley) posted the highest median TOX of S$37,000. The lowest median TOX was in District 15 (Katong, Joo Chiat, Amber Road) and District 21 (Upper Buit Timah, Ulu Pandan) at -S$35,000.

TOX has remained neutral at zero for the past four months.

waterwoods ec executive condo site photo 1