Resale Market January 2020

*Based on numbers compiled on 10th February 2020.

Flash ReportNon-Landed Private

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1. RCR and OCR prices increase by 1.5% and0.5% in January 2020; CCR prices decreaseby 0.8%.

According to the SRX Price Index for Non-Landed Private Residential Resale:

• Month-on-month, overall prices increase0.5% over December 2019.

• Year-on-year, overall prices increase by2.3% over January 2019.

• In terms of regions, year-on-year, allregions experience price increases inJanuary 2020: CCR by 1.7%, RCR by 2.6%and OCR by 2.3%

2. An estimated 684 units were resold inJanuary 2020. This is a 4.0% increase,compared to 658 units resold in December2019.

• Volumes are 15.9% higher than in January2019, and 13.4% higher than the 5-yearaverage volume for the month of January.

• Breaking down by regions, in January2020, 51.9% of the volume comes fromOCR, 24.7% comes from RCR and 23.5%comes from CCR.

3. The highest transacted price for a resale unitin the month is achieved at $18.2 million atLe Nouvel Ardmore.

• In RCR, the highest transacted price is aunit at Camelot By-The-Water resold for$6.6 million.

• In OCR, the highest transacted price is aunit at Waterfront Key resold for $3.2million.

Observations

4. Overall Transaction Over X-Value (T-O-X) isNEGATIVE $2,500 in January 2020. Thisrepresented a $500 decrease as compared toDecember 2019. The median T-O-X for Non-Landed Private Residential measures whetherpeople are overpaying (POSITIVE T-O-X) orunderpaying (NEGATIVE T-O-X) the SRX X-Value estimated market value.

• District 13 (MacPherson / Potong Pasir)posted the highest median T-O-X atPOSITIVE $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 atNEGATIVE $30,000, followed by District 4(Sentosa / Harbourfront) at NEGATIVE$29,700.

• T-O-X data only include districts with morethan 10 resale transactions with X-Value.

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

Index Base: 2009 Jan

Non-Caveat (typically represents 5-10% of transactions for past quarters)Caveat

Resale Volume

NLP Resale Market

Resale Price

Non-Landed Private Monthly Resale Volume

2020 January Resale Index 192.7

2019 December Resale Index 191.8

Change (Month-on-month) 0.5%

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SPI for Non-Landed Private Resale

684 [E]

Note: Percentage change is calculated from non-rounded values. All values are rounded to one decimal point thereafter.

Note: Latest month figures are flash estimates. Percentage changes are calculated based on actual index number with more decimal places shown in the report.

SPI by Region

Median Transaction Over X-Value (TOX) ($)

2020 January Median TOX -$2,500

2019 December Median TOX -$2,000

Change (Month-on-month) -$500

Source: SRX / URA

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Median Resale TOX

-2,500

Note: Grey fields contain figures derived from fewer than 10 transactions. Purple fields contain figures derived from only 1 transaction.

Median TOX by district

Source: SRX

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-2,500

SRX publishes monthly price indices and statistics for non-landed private resale, HDB resale and non-landed private and HDB rentals. The Company has been serving Singapore’s real estate industry since2009, when it first launched the “Home Report” to help property agents and homeowners establish theprice to buy, sell or rent a home. In 2014 SRX introduced X-Value, allowing anyone to get a highly accurateestimate of the value of their home instantly online. 1.8 million home reports and 7.0 million X-Valuecomputations later, SRX is Singapore’s most trusted source of home pricing information.

SRX is all about making the home seeking and home ownership journey a pleasure by connecting home-seekers to their ideal property and helping homeowners manage their most important asset. SRX provideseasy-to-use tools, extensive quality property listings, data and insights to real estate professionals andhome-seekers. The SRX Property App is available in the App Store and Google Play Store.

SRX is operated by StreetSine Technology Group Pte Ltd, a subsidiary of Singapore Press Holdings, Asia’sleading media organisation.

For media queries regarding SRX Property, please contact Esperanza G. Canlas on +65 8157 6290or media@srx.com.sg.

For technical questions regarding SRX data, please contact Luqman Hakim at luqman.hakim@srx.com.sg,or visit www.srx.com.sg. We can verify the accuracy, analysis, and presentation of specific SRX data priorto publication.

About SRX

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ALL RIGHTS RESERVED SRX 2020 ©

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Q: What is the SRX Residential Property FlashReport ?

A: The SRX Residential Property Flash Report is amonthly report that tracks and disseminates resaleand rental property prices for HDB and Non-Landed Private properties through the SRX PriceIndex (SPI). Due to the overwhelming amount ofinformation that needs to be covered for publicconsumption, the report is released in 3 separatephases covering different aspects of the propertymarket:

1. HDB Resale2. Non-Landed Private Resale3. HDB and Non-Landed Private Rental

Q: What are the advantages of this report overother 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-caveattransactions from 14 major real estate agencies,ensuring completeness and timeliness of thenumbers (Figure 1).

Figure 1. SRX typically receives pre-caveat transactions fromagencies at least 2 weeks ahead before it becomes publicly-available.

About SRX Flash Report

• We provide more granular data, such as‘Median Resale Price broken down by HDBEstates’ , ‘Median TOX in HDB Estates andPrivate Housing Districts’, ‘Sub-indices of HDBMature and Non-Mature Estates‘ and ‘MonthlyRental and Resale Volume’.

Q: What is X-Value?

A: The X-Value is a computer-generated propertyappraisal based on comparable market analysis(CMA). It uses real-time big data from trustedprivate and public sources, comparable marketanalysis, machine learning, and SRX propertyindices to calculate a home’s estimated marketvalue in seconds.

Q: What is Transaction-Over-X-Value (TOX)?

A: TOX measures how much a buyer is overpayingor underpaying the SRX Property X-Value’sestimated market value. It is analogous to thepreviously-used property market’s term of Cash-Over-Valuation (COV). The difference is the “V” iscomputer-generated. In the report for HDB Resaleand Non-Landed Private Resale, the SPI and themedian TOX are used complementarily to gaugeoverall property market sentiments.

• We augment each transaction with geospatialand project-level attributes from public andproprietary data sources to account for eachhome’s hedonic factors (e.g. distance to MRTand good schools).