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 (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 completeness and timeliness of the numbers (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 Rental and Resale Volume. Q: What is X-? Figure 1. SRX typically receives pre-caveat transactions from agencies at least 2 weeks ahead before it becomes publicly-available. A: The X- 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- (TOX)? A: TOX measures how much a buyer is overpaying or underpaying the SRX Property X- 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
216/12 217/1 217/2 217/3 217/4 217/5 217/6 217/7 217/8 217/9 217/1 217/11 217/12* (Flash) (Flash) HDB Resale Market Resale Volume Note: HDB resale volume includes all property types, including HDB 1-room and HDB 2-rooms. Resale Price Base: 29 Jan 15. SPI for HDB Resale 145. 14. 135. 135.7 135.3 134.9 135.4 135. 134.8 134.7 133.8 134. 133.7 133.4 133.2 133.3 13. 125. 12. 217 December Resale 133.3 217 November Resale 133.2 (Month-on-month).1% 2
SPI by Property Type Year/Month HDB (All Types) HDB 3 Room HDB 4 Room HDB 5 Room HDB Executive 216/12 135.7 -.3% 134.8 -.1% 135.9 -.2% 133.4 -.8% 145.1-1.% 217/1 135.3 -.3% 133.9 -.6% 135.1 -.6% 133.8.3% 146.4.9% 217/2 134.9 -.3% 134.2.2% 135. -.1% 133.1 -.6% 144. -1.6% 217/3 135.4.3% 133.4 -.6% 135.4.3% 133.6.4% 146.4 1.7% 217/4 135. -.3% 133.1 -.2% 134.5 -.7% 133.8.1% 145.2 -.9% 217/5 134.8 -.1% 133.2.% 134.3 -.1% 134.5.5% 145.6.3% 217/6 134.7 -.1% 132.9 -.2% 133.9 -.4% 132.5-1.5% 148. 1.7% 217/7 133.8 -.6% 131.3-1.2% 133.2 -.5% 132.6.1% 146.8 -.8% 217/8 134..2% 13.8 -.4% 133.7.4% 132.9.2% 147.4.4% 217/9 133.7 -.2% 13.2 -.4% 132.9 -.6% 133..% 145.2-1.5% 217/1 133.4 -.3% 13.8.5% 132.8.% 133.2.2% 143.9 -.9% 217/11 133.2 -.1% 13.3 -.4% 132.7 -.1% 133.7.4% 143.7 -.1% 217/12* 133.3.1% 13.6.2% 131.4 -.9% 133.6.% 145.9 1.5% Note: Latest month figures are flash estimates. Percentage changes are calculated based on actual index number with more decimal places shown in the report. Median Resale Price ($) HDB TOWN 3RM 4RM 5RM EXE Overall Ang Mo Kio 3, 44, 84, 718, 316, Bedok 29, 414, 68, 72, 394, Bishan 421, 568, 838, 87, 711, Bukit Batok 265, 386,5 544, 684, 365, Bukit Merah 35, 725, 825, - 645, Bukit Panjang 28,5 365, 45, 587,5 426,5 Bukit Timah 41, 52, 888, 919, 74, Central Area 41, 689, - - 45, Choa Chu Kang 265, 332,5 48, 546,5 369, Clementi 345, 468, 785, 87, 427,5 Geylang 275, 515, 661,944 89, 426,5 Hougang 281,5 383, 47, 638, 44, Jurong East 285, 389, 533, 6,8 362,5 Jurong West 27, 367,5 443,888 546,5 392,5 Kallang/Whampoa 32, 48, 684, 71, 441,5 Marine Parade 399,444 485,5 - - 472,5 Pasir Ris - 44, 467,5 591, 455, Punggol 3, 444,888 44, 564, 444,888 Queenstown 361, 718, 815, - 575,5 Sembawang - 34, 385, 455, 372,5 Sengkang 345, 47,5 45, 57, 44,888 Serangoon 311,5 412,5 53, 685,5 423,888 Tampines 33, 427,5 55, 65, 465, Toa Payoh 284,5 531,5 83, 958,888 595, Woodlands 27, 328, 41, 6, 348, Yishun 275, 345,5 468,5 56, 335, Overall 29, 45, 475, 63,5 418, Note: Grey fields contain figures derived from less than 1 transactions. Blue fields contain figures derived from only 1 transaction. 3
216/12 217/1 217/2 217/3 217/4 217/5 217/6 217/7 217/8 217/9 217/1 217/11 217/12* (Flash) 15. Mature and Non-mature estates Base: Jan 29 SPI for HDB Resale in Mature and Non-mature Estates^ 145. 14. 135. 13. 125. 12. Overall Mature Estates Non-mature Estates ^ Non-mature estates (as defined by HDB): Bukit Batok, Bukit Panjang, Choa Chu Kang, Hougang, Jurong East, Jurong West, Punggol, Sembawang, Sengkang, Woodlands and Yishun. Year/Month Overall Mature Estates Non-mature Estates 216/12 135.7 -.3% 138.4 -.2% 133.3 -.4% 217/1 135.3 -.3% 137.5 -.6% 133.3.% 217/2 134.9 -.3% 137.9.3% 132.2 -.8% 217/3 135.4.3% 138.5.4% 132.6.3% 217/4 135. -.3% 137.3 -.9% 132.8.1% 217/5 134.8 -.1% 137.6.2% 132.3 -.4% 217/6 134.7 -.1% 138.7.8% 131.1 -.8% 217/7 133.8 -.6% 136.8-1.3% 131.1.% 217/8 134..2% 136.8.% 131.5.3% 217/9 133.7 -.2% 137.9.8% 13.2-1.% 217/1 133.4 -.3% 136.8 -.8% 13.3.1% 217/11 133.2 -.1% 137.1.2% 129.8 -.4% 217/12* 133.3.1% 136.7 -.3% 13.3.4% Note: Latest month figures are flash estimates. Percentage changes are calculated based on actual index number with more decimal places shown in the report. 4
216M12 217M1 217M2 217M3 217M4 217M5 217M6 217M7 217M8 217M9 217M1 217M11 217M12* Median HDB Transaction Over X- (TOX) ($) 2, HDB Resale Median TOX 1, -1, -1, -1, -1,1-1, -2, -3, -3, -2, -2, -2, -2, -2,9-4, 217 December Median TOX $-2,9 217 November Median TOX -$2, (Month-on-month) -$9 Source: SRX PROPERTY Town 3 Room 4 Room 5 Room Executive Overall Ang Mo Kio -12,5-7,5-32, - -12, Bedok -4,5 3, 11, -14, 3, Bishan 31, 24, 18,5-24,5 Bukit Batok -1, -3,5-11,1-1,5 Bukit Merah -11, -7, -15, - -9, Bukit Panjang 4, -5 2, 17,5 3,5 Bukit Timah 29, - - - 29, Central Area -19, -16, - - -17,5 Choa Chu Kang 9, -8, 5, 4, 1,5 Clementi -2, 16, - - 12, Geylang 5, -3, - -5, 2,4 Hougang -9,2-3, 1, 35, -3, Jurong East -3,5-8, -54, -4, Jurong West -3, -2, 4,5-7, -1, Kallang/Whampoa 5,3-13,6-7, -88, -3,5 Marine Parade -9,5 - - - -9,5 Pasir Ris - 11,5-2,5-11, -2,5 Punggol - -2,1 3,5 8, 2, Queenstown -4, -2,5-15,5 - -4, Sembawang - -7, -6, 32, -6, Sengkang 4,5-4,5-4, 16,5-2,5 Serangoon 4, 4, 1, 55, 4,5 Tampines 2,5 19, -11, 16,5 3, Toa Payoh -8,5 2, -12, - -3, Woodlands -8, -7,5-47, -7, Yishun -16, -4, -1, 6, -4, Overall -3, -3, -1, 5-2,9 5 Note: Grey fields contain figures derived from less than 1 transactions. Blue fields contain figures derived from only 1 transaction. Source: SRX PROPERTY
About SRX The Singapore Real Estate Exchange (SRX) is an information exchange formed by the leading real estate agencies in Singapore and powered by The StreetSine Technology Group. Its purpose is to disseminate market pricing information and facilitate property transactions. With property Big Data spanning over 3 sources and over 85% market share on its property apps and analytics suites, SRX is the authoritative analytics provider on property trends and analysis. For media queries regarding SRX Property, please contact Esperanza G. Canlas on +65 8157 629 or media@srx.com.sg. For technical questions regarding SRX data, please contact Jeremy Lee on +65 9561 6756 or jeremy.lee@srx.com.sg, or visit www.srx.com.sg. We can verify the accuracy, analysis, and presentation of specific SRX data prior to publication. ALL RIGHTS RESERVED SRX PROPERTY 217