Residential Property Flash Report January 2014* HDB Resale ...
Residential Property Flash Report January 2014* HDB Resale & Rental Market * Based on numbers compiled 5 February 2014.
As a public service to Singapore’s news media, the Singapore Real Estate Report (SRX) releases the Residential Property Flash Report once a month. The Residential Property Flash Report contains real-time property information, crossreferenced with public data from government bodies to ensure completeness and avoid duplication, which in turn provide a very complete picture of the property market in Singapore. This includes precise unit rental information and pre-caveat resale transactions.
As a result, the Flash Report provides property trends ahead of market. For professional views on property trends and activities, please contact the following Estate Agencies: Agency PropNex HSR DWG ORANGETEE (Research) ERA C&H
Name Carolyn Goh Donald Yeo Denka Wee
DTZ ECG SAVILLS (Agency) SAVILLS (Research) SLP (Research) GPS ALLIANCE REMAX
Lee Lay Keng Andy Lye
9022 3122 9022 6866 9189 0751 6393 2329 9683 9668
George Tan
9792 8913
[email protected]
Alan Cheong
9389 9250
[email protected]
Nicholas Mak Jeffrey Hong Thomas Tan
6500 3929 9638 8612 9271 8080
[email protected] [email protected] [email protected]
Christine Li Eugene Lim Albert Lu
Mobile 9828 7834 8233 2000 9383 3366 8511 3758 6305 2250
Email [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected]
About SRX. The Singapore Real Estate Exchange (SRX) is an electronic network powered by StreetSine Technology. Leading Estate Agencies and salespersons go to SRX to obtain market information to conduct real estate transactions. SRX is the only place in Singapore where agents can find Validated ListingsTM and real-time, instant, and live transacted prices for sales and rentals, as they occur. Over the last year, 88.4% of resale homes transacted in Singapore used Home ReportTM to understand the market, price comparable homes, and negotiate. For media queries regarding SRX, please contact Darren Lai on +65 8222 7602 or [email protected] For technical questions regarding SRX data, please contact Jason Chen on +65 8388 5639 or [email protected], or visit www.srx.com.sg. We can verify the accuracy, analysis, and presentation of specific SRX data prior to publication.
1
Residential Property Flash Report January 2014* HDB Resale & Rental Market * Based on numbers compiled 5 February 2014.
1. December HDB Resale and Rental Market 1.1. Market Activities
HDB Resale Volume
HDB Rental Volume
1,319 [E] 893 [E]
Source: srx.com.sg
1.2. Median Cash Over Valuation (COV) ($)
2014 January Overall Median COV
$3,000
2013 December Overall Median COV
$5,000
Change (Month-on-month)
-40.0%
Note: Grey color fields contain figures derived from less than 10 transactions. Yellow color fields contain figures derived from only 1 transaction.
2
Source: srx.com.sg
Residential Property Flash Report January 2014* HDB Resale & Rental Market * Based on numbers compiled 5 February 2014.
1.3. HDB Resale Transactions with Negative COVs Percentage of HDB Resales with Negative COVs
No. of HDB Resales with Negative COVs
Source: srx.com.sg
Source: srx.com.sg
Breakdown of NegativeCOV Resales in Jan 2014
Source: SRX
3
Source: srx.com.sg
Residential Property Flash Report January 2014* HDB Resale & Rental Market * Based on numbers compiled 5 February 2014.
(Flash)
1.4. Median Resale Price ($) and HDB Resale Index
2014 January Resale Index Value
146.4
2013 December Resale Index Value
145.9
Change (Month-on-month)
+0.3% Source: srx.com.sg
Note: Grey color fields contain figures derived from less than 10 transactions. Yellow color fields contain figures derived from only 1 transaction.
1.5. Median Monthly Rent ($)
2014 January Overall Median Rents
$2,300
2013 December Overall Median Rents
$2,300
Change (Month-on-month)
-
Note: Grey color fields contain figures derived from less than 10 transactions. Yellow color fields contain figures derived from only 1 transaction.
4
Source: srx.com.sg
As a public service to Singapore’s news media, the Singapore Real Estate Report (SRX) releases the Residential Property Flash Report once a month. The Residential Property Flash Report contains real-time property information, crossreferenced with public data from government bodies to ensure completeness and avoid duplication, which in turn provide a very complete picture of the property market in Singapore. This includes precise unit rental information and pre-caveat resale transactions.
As a result, the Flash Report provides property trends ahead of market. For professional views on property trends and activities, please contact the following Estate Agencies: Agency PropNex HSR DWG ORANGETEE (Research) ERA C&H
Name Carolyn Goh Donald Yeo Denka Wee
DTZ ECG SAVILLS (Agency) SAVILLS (Research) SLP (Research) GPS ALLIANCE REMAX
Lee Lay Keng Andy Lye
9022 3122 9022 6866 9189 0751 6393 2329 9683 9668
George Tan
9792 8913
[email protected]
Alan Cheong
9389 9250
[email protected]
Nicholas Mak Jeffrey Hong Thomas Tan
6500 3929 9638 8612 9271 8080
[email protected] [email protected] [email protected]
Christine Li Eugene Lim Albert Lu
Mobile 9828 7834 8233 2000 9383 3366 8511 3758 6305 2250
Email [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected]
About SRX. The Singapore Real Estate Exchange (SRX) is an electronic network powered by StreetSine Technology. Leading Estate Agencies and salespersons go to SRX to obtain market information to conduct real estate transactions. SRX is the only place in Singapore where agents can find Validated ListingsTM and real-time, instant, and live transacted prices for sales and rentals, as they occur. Over the last year, 88.4% of resale homes transacted in Singapore used Home ReportTM to understand the market, price comparable homes, and negotiate. For media queries regarding SRX, please contact Darren Lai on +65 8222 7602 or [email protected] For technical questions regarding SRX data, please contact Jason Chen on +65 8388 5639 or [email protected], or visit www.srx.com.sg. We can verify the accuracy, analysis, and presentation of specific SRX data prior to publication.
1
Residential Property Flash Report January 2014* HDB Resale & Rental Market * Based on numbers compiled 5 February 2014.
1. December HDB Resale and Rental Market 1.1. Market Activities
HDB Resale Volume
HDB Rental Volume
1,319 [E] 893 [E]
Source: srx.com.sg
1.2. Median Cash Over Valuation (COV) ($)
2014 January Overall Median COV
$3,000
2013 December Overall Median COV
$5,000
Change (Month-on-month)
-40.0%
Note: Grey color fields contain figures derived from less than 10 transactions. Yellow color fields contain figures derived from only 1 transaction.
2
Source: srx.com.sg
Residential Property Flash Report January 2014* HDB Resale & Rental Market * Based on numbers compiled 5 February 2014.
1.3. HDB Resale Transactions with Negative COVs Percentage of HDB Resales with Negative COVs
No. of HDB Resales with Negative COVs
Source: srx.com.sg
Source: srx.com.sg
Breakdown of NegativeCOV Resales in Jan 2014
Source: SRX
3
Source: srx.com.sg
Residential Property Flash Report January 2014* HDB Resale & Rental Market * Based on numbers compiled 5 February 2014.
(Flash)
1.4. Median Resale Price ($) and HDB Resale Index
2014 January Resale Index Value
146.4
2013 December Resale Index Value
145.9
Change (Month-on-month)
+0.3% Source: srx.com.sg
Note: Grey color fields contain figures derived from less than 10 transactions. Yellow color fields contain figures derived from only 1 transaction.
1.5. Median Monthly Rent ($)
2014 January Overall Median Rents
$2,300
2013 December Overall Median Rents
$2,300
Change (Month-on-month)
-
Note: Grey color fields contain figures derived from less than 10 transactions. Yellow color fields contain figures derived from only 1 transaction.
4
Source: srx.com.sg
