NLP Resale Prices and Volume See 0.5% and 4.0% Increase Respectively in January 2020

11 February
Property Data
1. RCR and OCR prices increase by 1.5% and 0.5% in January 2020; CCR prices decrease by 0.8%.

non landed private resale price index 2020 january

non landed private resale price index by region 2020 january
According to the SRX Price Index for Non-Landed Private Residential Resale:
  • Month-on-month, overall prices increase 0.5% over December 2019.
  • Year-on-year, overall prices increase by 2.3% over January 2019.
  • In terms of regions, year-on-year, all regions experience price increases in January 2020: CCR by 1.7%, RCR by 2.6% and OCR by 2.3%

2. An estimated 684 units were resold in January 2020. This is a 4.0% increase, compared to 658 units resold in December 2019.

non landed private resale volume 2020 january

  • Volumes are 15.9% higher than in January 2019, and 13.4% higher than the 5-year average volume for the month of January.
  • Breaking down by regions, in January 2020, 51.9% of the volume comes from OCR, 24.7% comes from RCR and 23.5% comes from CCR.

3. The highest transacted price for a resale unit in the month is achieved at $18.2 million at Le Nouvel Ardmore.
  • In RCR, the highest transacted price is a unit at Camelot By-The-Water resold for $6.6 million.
  • In OCR, the highest transacted price is a unit at Waterfront Key resold for $3.2 million.

4. Overall Transaction Over X-Value (T-O-X) is NEGATIVE $2,500 in January 2020. This represented a $500 decrease as compared to December 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 2020 january

non landed private resale tox by district 2020 january
  • District 13 (MacPherson / Potong Pasir) posted the highest median T-O-X at POSITIVE $28,000, followed by District 25 (Admiralty / Woodlands) at POSITIVE $24,000.
  • District 15 (East Coast / Marine Parade) posted the lowest median T-O-X at NEGATIVE $30,000, followed by District 4 (Sentosa / Harbourfront) at NEGATIVE $29,700.
  • T-O-X data only include districts with more than 10 resale transactions with X-Value.
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