2019 Saw NLP Resale Prices 1.7% Higher, But Volumes 27.4% Lower Compared To 2018. December 2019 Resale Prices Flat; Volumes Eased vs November 2019

• Volumes are 21.5% higher than in December 2018, and 15.3% higher than the 5-year average volume for the month of December.
• A total of 9,017 NLP resale transactions are recorded in 2019, which is 27.4% lower than 2018.
• Breaking down by regions, in December 2019, 48.8% of the volume comes from OCR, 26.7% comes from RCR and 24.5% comes from CCR.

3. The highest transacted price for a resale unit in the month was achieved at $17.9 million at Four Seasons Park.

• In RCR, the highest transacted price was a unit at Reflections at Keppel Bay resold for $7.2 million.
• In OCR, the highest transacted price was a unit at Bayshore Park resold for $3.2 million. 

4. Overall Transaction Over X-Value (T-O-X) is NEGATIVE $2,000 in December 2019. This represented no change as compared to November 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.

• District 9 (Orchard / River Valley) posted the highest median T-O-X at POSITIVE $30,000, followed by District 8 (Farrer Park / Serangoon Rd) at POSITIVE $28,000.
• District 17 (Changi Airport / Changi Village) posted the lowest median T-O-X at NEGATIVE $54,000, followed by District 23 (Farrer Park / Serangoon Rd) at NEGATIVE $30,500.
• T-O-X data only include districts with more than 10 resale transactions with X-Value.