NLP Resale Prices and Volume Decrease 0.8% and 13.1% Respectively in February 2020

10 March
Property Data
1. CCR, RCR and OCR prices decrease by 0.1% 0.8% and 1.3% in February 2020.

non landed private resale price index 2020 february

non landed private resale price index by region 2020 february

According to the SRX Price Index for Non-Landed Private Residential Resale:
  • Month-on-month, overall prices decrease 0.8% over January 2020.
  • Year-on-year, overall prices increase by 0.8% over February 2019.
  • In terms of regions, year-on-year, all regions experience price increases in February 2020: CCR by 0.8%, RCR by 1.6% and OCR by 0.2%
2. An estimated 589 units were resold in February 2020. This is a 13.1% decrease, compared to 678 units resold in January 2020.

non landed private resale volume 2020 february

  • Volumes are 10.9% higher than in February 2019, but 7.7% lower than the 5-year average volume for the month of February.
  • Breaking down by regions, in February 2020, 50.2% of the volume comes from OCR, 25.3% comes from CCR and 24.5% comes from RCR.
3. The highest transacted price for a resale unit in the month is achieved at $16.0 million at Le Nouvel Ardmore.
  • In RCR, the highest transacted price is a unit at Reflections at Keppel Bay resold for $5.4 million.
  • In OCR, the highest transacted price is a unit at Grand Duchess at St. Patrick’s resold for $3.2 million. 
4. Overall Transaction Over X-Value (T-O-X) is NEGATIVE $2,000 in February 2020. This represented a $500 increase as compared to January 2020. The median T-O-X for Non-Landed Private Residential measures whether people are over-paying (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 february
non landed private resale tox by district 2020 february
  • District 8 (Farrer Park / Serangoon Rd) posted the highest median T-O-X at POSITIVE $33,500, followed by District 9 (Orchard / River Valley) at POSITIVE $25,000.
  • District 1 (Boat Quay / Raffles Place / Marina) posted the lowest median T-O-X at NEGATIVE $40,000, followed by District 21 (Clementi Park / Upper Bukit Timah) at NEGATIVE $30,000.
  • T-O-X data only include districts with more than 10 resale transactions with X-Value.
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