In Focus
RESIDENTIAL PROPERTY | Staff Reporter, Singapore
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Here's where private condos can be bought over market value

Two districts had a median transaction over value of around $20,000.

Private condos in Boat Quay, Raffles Place, Marina, Alexandra, and Commonwealth could be bought over market value in August, the Singapore Real Estate Exchange (SRX) reported.

District 1 and District 3 posted the highest median transaction over X-value (TOX) of POSITIVE $20,000.

The TOX is a measure people are overpaying or underpaying the SRX Property X-Value estimated market value.

District 1 covers Boat Quay, Raffles Place, and Marina. District 3 covers Alexandra and Commonwealth.

"This means that a majority of the buyers in those districts purchased units above the computer-generated market value," SRX said.

Meanwhile, District 20 had the most negative median TOX with NEGATIVE $20,000. The district covers Ang Mo Kio, Bishan, and Thomson.

"This means that a majority of the buyers in these districts purchased units below the computer-generated market value," SRX said.

Overall median TOX is ZERO in August 2017.

There was no change in overall median TOX on a MoM basis.

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