Resale Market May 2015
Resale Market May 2015 *Based on number compiled 5 Jun 2015.
Resale Market May 2015
Resale Market May 2015 *Based on number compiled 5 Jun 2015.
About Q: What is the SRX Residential Property Flash Report ? A: The SRX Residential Property Flash Report is a monthly report that tracks and disseminates resale and rental property prices for HDB and Non-Landed Private properties through the SRX Price Index (SPI). Due to the overwhelming amount of information that needs to be covered for public consumption, the report is released in 3 separate phases covering different aspects of the property market: 1. HDB Resale 2. Non-Landed Private Resale 3. HDB and Non-Landed Private Rental Q: What are the advantages of this report over other property data and reports? A: • Our monthly reporting provides a more real-time update on the property market. • We supplement property transactions from URA and HDB with real-time, pre-caveat transactions from 14 major real estate agencies, ensuring Figure 1. SRX typically receives pre-caveat completeness and timeliness of the numbers transactions from agencies at least 2 weeks ahead before it becomes publicly-available. (Figure 1). • We augment each transaction with geospatial and project-level attributes from public and proprietary data sources to account for each home’s hedonic factors (e.g. distance to MRT and good schools). • We provide more granular data, such as ‘Median Resale Price broken down by HDB Estates’ , ‘Median TOX in HDB Estates and Private Housing Districts’, ‘Sub-indices of HDB Mature and Non-Mature Estates‘ and ‘Monthly Rental and Resale Volume’. Q: What is X-Value? A: The X-Value is a computer-generated property appraisal based on comparable market analysis (CMA). It uses real-time big data from trusted private and public sources, comparable market analysis, machine learning, and SRX property indices to calculate a home’s estimated market value in seconds. Q: What is Transaction-Over-X-Value (TOX)? A: TOX measures how much a buyer is overpaying or underpaying the SRX Property XValue’s estimated market value. It is analogous to the previously-used property market’s term of Cash-Over-Valuation (COV). The difference is the “V” is computergenerated. In the report for HDB Resale and Non-Landed Private Resale, the SPI and the median TOX are used complementarily to gauge overall property market sentiments.
1
Resale Market May 2015 *Based on number compiled 5 Jun 2015.
Resale Market Resale Volume
543[E]
(Flash)
Caveat
Non-Caveat (typically represents 5-10% of transactions for past quarters)
Source: SRX PROPERTY / URA
Resale Price SPI for NL Private Resale
Index: Base 2009 Jan
190.0 178.8 180.0
174.0 174.5 173.4 172.1 170.2 168.8 170.0 168.8 169.7 168.4 168.2 168.7 168.1 167.6 167.3 167.3
170.0 160.0 150.0 140.0 130.0
2015 May Resale Index
167.3
2015 Mar Resale Index
167.3
Change (Month-on-month)
No Change Source: SRX PROPERTY / URA
2
(Flash)
2015/05*
2015/04
2015/03
2015/02
2015/01
2014/12
2014/11
2014/10
2014/9
2014/8
2014/7
2014/6
2014/5
2014/4
2014/3
2014/2
2014/1
120.0
Resale Market May 2015 *Based on number compiled 5 Jun 2015.
SPI by Region Year/Month
All Non-Landed Private
Core Central Region
Rest of Central Region
Index Value
Monthly Change
Index Value
Monthly Change
Index Value
2014/5
172.1
-0.7%
153.9
0.2%
2014/6
170.2
-1.1%
156.6
1.8%
2014/7
168.8
-0.8%
147.1
2014/8
170.0
0.7%
155.7
Outside Central Region
Monthly Change
Index Value
Monthly Change
174.9
0.7%
175.3
-1.2%
166.9
-4.6%
174.5
-0.5%
-6.1%
166.4
-0.3%
173.9
-0.3%
5.8%
164.5
-1.1%
174.6
0.4%
2014/9
168.8
-0.7%
153.1
-1.7%
170.0
3.3%
171.4
-1.8%
2014/10
169.7
0.5%
154.3
0.8%
170.5
0.3%
172.8
0.8%
2014/11
168.4
-0.8%
156.3
1.3%
167.9
-1.5%
170.4
-1.4%
2014/12
168.2
-0.1%
148.1
-5.2%
171.0
1.8%
170.5
0.1%
2015/01
168.7
0.3%
147.8
-0.2%
173.8
1.7%
169.4
-0.6%
2015/02
168.1
-0.3%
147.6
-0.1%
172.3
-0.9%
172.6
1.9%
2015/03
167.6
-0.3%
147.6
0.0%
171.9
-0.2%
171.7
-0.5%
2015/04
167.3
-0.1%
148.6
0.7%
173.4
0.9%
169.9
-1.1%
2015/05*
167.3
0.0%
146.8
-1.2%
174.8
0.8%
170.3
0.3%
Note: Latest month figures are flash estimates. Percentage changes are calculated based on actual index number with more decimal places shown in the report.
Source: SRX PROPERTY / URA
Median Transaction Over X-Value (TOX) ($) 0
0
0
2015M5
0
2015M4
3,000
5,000
-2,000 -4,000
0 -5,000 -5,000 -10,000
-10,000 -12,000
-12,000
-10,000
-15,000 -17,000
-15,000
-10,000
-10,000
-15,000
-20,000
-10,000
-10,000
-10,000
-20,000
-20,000
2015 May Median TOX
$0
2015 Apr Median TOX
$0
Change (Month-on-month)
No Change
2015M3
2015M2
2015M1
2014M12
2014M11
2014M10
2014M9
2014M8
2014M7
2014M6
2014M5
2014M4
2014M3
2014M2
2014M1
2013M12
2013M11
2013M10
2013M9
2013M8
-25,000
Source: SRX PROPERTY
3
Resale Market May 2015 *Based on number compiled 5 Jun 2015.
Median TOX by district District
Median TOX
District
Median TOX
1
-40,000
15
-20,000
2
0
16
-10,000
3
48,000
17
-17,000
4
-30,000
18
-6,000
5
-4,000
19
7,000
6
-
20
-15,000
7
-
21
16,000
8
-20,000
22
-31,000
9
-20,000
23
8,000
10
-10,000
24
-
11
-4,000
25
-12,000
12
-30,000
26
54,000
13
40,000
27
16,000
14
-2,000
28
-16,000
Overall
0
Note: Grey fields contain figures derived from less than 10 transactions. Blue fields contain figures derived from only 1 transaction.
Source: SRX PROPERTY
4
Resale Market May 2015
Resale Market May 2015 *Based on number compiled 5 Jun 2015.
About Q: What is the SRX Residential Property Flash Report ? A: The SRX Residential Property Flash Report is a monthly report that tracks and disseminates resale and rental property prices for HDB and Non-Landed Private properties through the SRX Price Index (SPI). Due to the overwhelming amount of information that needs to be covered for public consumption, the report is released in 3 separate phases covering different aspects of the property market: 1. HDB Resale 2. Non-Landed Private Resale 3. HDB and Non-Landed Private Rental Q: What are the advantages of this report over other property data and reports? A: • Our monthly reporting provides a more real-time update on the property market. • We supplement property transactions from URA and HDB with real-time, pre-caveat transactions from 14 major real estate agencies, ensuring Figure 1. SRX typically receives pre-caveat completeness and timeliness of the numbers transactions from agencies at least 2 weeks ahead before it becomes publicly-available. (Figure 1). • We augment each transaction with geospatial and project-level attributes from public and proprietary data sources to account for each home’s hedonic factors (e.g. distance to MRT and good schools). • We provide more granular data, such as ‘Median Resale Price broken down by HDB Estates’ , ‘Median TOX in HDB Estates and Private Housing Districts’, ‘Sub-indices of HDB Mature and Non-Mature Estates‘ and ‘Monthly Rental and Resale Volume’. Q: What is X-Value? A: The X-Value is a computer-generated property appraisal based on comparable market analysis (CMA). It uses real-time big data from trusted private and public sources, comparable market analysis, machine learning, and SRX property indices to calculate a home’s estimated market value in seconds. Q: What is Transaction-Over-X-Value (TOX)? A: TOX measures how much a buyer is overpaying or underpaying the SRX Property XValue’s estimated market value. It is analogous to the previously-used property market’s term of Cash-Over-Valuation (COV). The difference is the “V” is computergenerated. In the report for HDB Resale and Non-Landed Private Resale, the SPI and the median TOX are used complementarily to gauge overall property market sentiments.
1
Resale Market May 2015 *Based on number compiled 5 Jun 2015.
Resale Market Resale Volume
543[E]
(Flash)
Caveat
Non-Caveat (typically represents 5-10% of transactions for past quarters)
Source: SRX PROPERTY / URA
Resale Price SPI for NL Private Resale
Index: Base 2009 Jan
190.0 178.8 180.0
174.0 174.5 173.4 172.1 170.2 168.8 170.0 168.8 169.7 168.4 168.2 168.7 168.1 167.6 167.3 167.3
170.0 160.0 150.0 140.0 130.0
2015 May Resale Index
167.3
2015 Mar Resale Index
167.3
Change (Month-on-month)
No Change Source: SRX PROPERTY / URA
2
(Flash)
2015/05*
2015/04
2015/03
2015/02
2015/01
2014/12
2014/11
2014/10
2014/9
2014/8
2014/7
2014/6
2014/5
2014/4
2014/3
2014/2
2014/1
120.0
Resale Market May 2015 *Based on number compiled 5 Jun 2015.
SPI by Region Year/Month
All Non-Landed Private
Core Central Region
Rest of Central Region
Index Value
Monthly Change
Index Value
Monthly Change
Index Value
2014/5
172.1
-0.7%
153.9
0.2%
2014/6
170.2
-1.1%
156.6
1.8%
2014/7
168.8
-0.8%
147.1
2014/8
170.0
0.7%
155.7
Outside Central Region
Monthly Change
Index Value
Monthly Change
174.9
0.7%
175.3
-1.2%
166.9
-4.6%
174.5
-0.5%
-6.1%
166.4
-0.3%
173.9
-0.3%
5.8%
164.5
-1.1%
174.6
0.4%
2014/9
168.8
-0.7%
153.1
-1.7%
170.0
3.3%
171.4
-1.8%
2014/10
169.7
0.5%
154.3
0.8%
170.5
0.3%
172.8
0.8%
2014/11
168.4
-0.8%
156.3
1.3%
167.9
-1.5%
170.4
-1.4%
2014/12
168.2
-0.1%
148.1
-5.2%
171.0
1.8%
170.5
0.1%
2015/01
168.7
0.3%
147.8
-0.2%
173.8
1.7%
169.4
-0.6%
2015/02
168.1
-0.3%
147.6
-0.1%
172.3
-0.9%
172.6
1.9%
2015/03
167.6
-0.3%
147.6
0.0%
171.9
-0.2%
171.7
-0.5%
2015/04
167.3
-0.1%
148.6
0.7%
173.4
0.9%
169.9
-1.1%
2015/05*
167.3
0.0%
146.8
-1.2%
174.8
0.8%
170.3
0.3%
Note: Latest month figures are flash estimates. Percentage changes are calculated based on actual index number with more decimal places shown in the report.
Source: SRX PROPERTY / URA
Median Transaction Over X-Value (TOX) ($) 0
0
0
2015M5
0
2015M4
3,000
5,000
-2,000 -4,000
0 -5,000 -5,000 -10,000
-10,000 -12,000
-12,000
-10,000
-15,000 -17,000
-15,000
-10,000
-10,000
-15,000
-20,000
-10,000
-10,000
-10,000
-20,000
-20,000
2015 May Median TOX
$0
2015 Apr Median TOX
$0
Change (Month-on-month)
No Change
2015M3
2015M2
2015M1
2014M12
2014M11
2014M10
2014M9
2014M8
2014M7
2014M6
2014M5
2014M4
2014M3
2014M2
2014M1
2013M12
2013M11
2013M10
2013M9
2013M8
-25,000
Source: SRX PROPERTY
3
Resale Market May 2015 *Based on number compiled 5 Jun 2015.
Median TOX by district District
Median TOX
District
Median TOX
1
-40,000
15
-20,000
2
0
16
-10,000
3
48,000
17
-17,000
4
-30,000
18
-6,000
5
-4,000
19
7,000
6
-
20
-15,000
7
-
21
16,000
8
-20,000
22
-31,000
9
-20,000
23
8,000
10
-10,000
24
-
11
-4,000
25
-12,000
12
-30,000
26
54,000
13
40,000
27
16,000
14
-2,000
28
-16,000
Overall
0
Note: Grey fields contain figures derived from less than 10 transactions. Blue fields contain figures derived from only 1 transaction.
Source: SRX PROPERTY
4
