SRX: Condo rents rise 0.5% in June, HDB rents fall 0.6% - SRX

SINGAPORE - Private residential and HDB reversed course last month, according to SRX Property flash estimates released on Wednesday (July 12).

Rents of condominiums and apartments rose 0.5 per cent month-on-month in June, swinging from a revised 0.6 per cent decline in May, though the number of units leased dropped

After a sustained slide last year, private rents have fluctuated monthly this year. But after June's increase they are now down just 0.3 per cent to date this year. They are still 19.1 per cent off their peaks in January 2013.

The number of units rented out in June fell 8.8 per cent to 4,250 from 4,661 in May. Year-on-year, rental volume last month was 7.3 per cent lower than the 4,587 units rented in June 2016.

HDB rents meanwhile, dropped 0.6 per cent, after rising a revised 0.8 per cent in May.

Compared to private rentals, HDB rents have declined by a bigger 1 per cent margin to date this year, said SRX Property.

Year-on-year, HDB rents last month are down by 4 per cent from June 2016. They are 13.5 per cent lower compared to their peak in August 2013.

The number of flats rented out fell 5.5 per cent in June to 1,704 from 1,804 in May. Year-on-year, rental volume last month was 11.5 per cent lower than in June 2016.

The Straits Times

Source: SRX (12 Jul 2017)

SRX: Condo resale prices rise 0.9% in June amid fall in sales volume - SRX

Resale prices of non-landed private homes in Singapore rose by 0.9 per cent in June from the previous month, led by the prime and suburban areas, according to flash estimates from SRX Property on Tuesday (July 11).

This was an improvement from the revised 0.5 per cent month-on-month price increase in May.

Despite the uptick, SRX said June's resale prices were still down by 4.4 per cent from its last peak in January 2014.

Condo resales prices in June rose by 2.2 per cent from the same month a year ago, it added.

June's price growth was driven mainly by the core central region, which saw a resale values rise by 1.3 per cent from May, and the suburbs which recorded a 1.1 per cent increase.

Resale prices in the city fringe remained unchanged in June, SRX said.

Its estimates showed that resale transaction volumes fell by 12.5 per cent to 1,065 units last month from the 1,217 shifted in May. But compared with a year ago, sales were up by a hefty 51.1 per cent from 705 units sold in June 2016.

SRX's median transaction over X-value (TOX) - which measures if buyers are overpaying or underpaying its computer-generated market value - came in at S$1,000 last month, down from S$2,000 in May.

The Newton and Novena areas posted the highest median TOX at S$40,000, while the Harbourfront and Telok Blangah districts recorded a negative TOX of S$120,000, which meant that most buyers in that district bought units below SRX's computer-generated value.

The Straits Times

Source: SRX (11 Jul 2017)

SRX: HDB resale volume slips 11.6% in June - SRX

TRANSACTION volume and prices of Housing and Development Board (HDB) resale flats fell in June from the previous month, with both indicators clocking a noticeable dip from recent peaks, flash data issued by SRX Property on Thursday showed.

In June, 1,753 HDB resale flats were sold, an 11.6 per cent drop from the 1,984 transacted units in May, which itself was an 8.1 per cent rise from April's volume.

Year on year, resale volume decreased by 5 per cent.

June's volume was down by 52 per cent from the peak of 3,649 units in May 2010.

As for HDB resale prices, there was a headline decrease of 0.1 per cent in June compared with that of May, which also dipped 0.1 per cent from April.

Year on year, prices have decreased by 0.2 per cent from June 2016.

June's data indicates that prices have declined by 11.7 per cent since the peak in April 2013.

The resale prices of HDB executive units rose by 1.7 per cent in June, while those of HDB three-room, four-room and five-room units decreased by 0.2 per cent, 0.3 per cent and 1.5 per cent respectively.

Find out more about SRX HDB Flash Report on SRX Research.

The Business Times

Source: SRX (07 Jul 2017)

URA releases flash estimate of 2nd Quarter 2017 private residential property price index - URA

Published Date: 03 Jul 2017

The Urban Redevelopment Authority (URA) released the flash estimate of the price index for private residential property for 2nd Quarter 2017 today.

Overall, the private residential property index fell 0.4 point from 136.7 points in 1st Quarter 2017 to 136.3 points in 2nd Quarter 2017. This represents a decline of 0.3%, compared with the 0.4% decline in the previous quarter (see Annex A [PDF, 165kb] and Annex B [PDF, 11kb]).

Prices of non-landed private residential properties fell by 0.9% in Core Central Region (CCR), compared to the 0.4% fall in the previous quarter. Prices in the Rest of Central Region (RCR) increased by 0.5%, after registering an increase of 0.3% in the previous quarter. Prices in Outside Central Region (OCR) decreased by 0.4%, after registering a 0.1% increase in the previous quarter (see Annex C [PDF, 12kb]). Meanwhile, prices of landed residential properties fell by 0.4%, compared to the 1.8% decrease in the previous quarter.

The flash estimates are compiled based on transaction prices given in contracts submitted for stamp duty payment and data on units sold by developers up till mid-June. The statistics will be updated on 28 July when URA releases the full real estate statistics for 2nd Quarter 2017. Past data have shown that the difference between the quarterly price changes indicated by the flash estimate and the actual price changes could be significant when the change is small. The public is advised to interpret the flash estimates with caution.

Source: URA

Flash Estimate of 2nd Quarter 2017 Resale Price Index - HDB

Published Date: 03 Jul 2017

             HDB’s flash estimate of the 2nd Quarter 2017 Resale Price Index (RPI) is 133.7, a decline of 0.1% over 1st Quarter 2017 (see Annexes A1 and A2).  

2          The RPI provides information on the general price movements in the resale public housing market. The transacted prices of individual flats (by block and flat type) can be found via the e-services available on HDB’s InfoWEB.

3          The RPI for the full quarter, together with more detailed public housing data, will be released on 28 July 2017.

Upcoming Sales Launch

4          In August 2017, HDB will offer about 3,850 Build-To-Order (BTO) flats in Bukit Batok and Sengkang. More information on this BTO exercise is available on the HDB InfoWEB.

Source: HDB