Non-landed private residential buyers underpaying by $10,000 in Dec 2014: SRX

Prices have declined 6.1% since the recent peak in Jan 2014.

Non-landed private residential prices continue to face downward pressure and negative market sentiment.

According to SRX, the median T-O-X was NEGATIVE $10,000 in December 2014, down from $0 in November.

The median transaction over X-value for non-landed private residential measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.

Non-landed Private Residential Resale prices increased 0.1% in December compared to November 2014. This increase is driven by transactions in OCR where prices went up 0.5%. On the other hand, prices dropped in CCR and RCR by 1.1%, and 1.2%, respectively.