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. 🔗http://sbr.com.sg/residential-property/in-focus/heres-where-private-condos-can-be-bought-over-market-value. #investsg #investsingapore #singaporecbd #singaporehome #singaporecondo #singaporerealtor #singaporeproperty #singaporerealestate #singaporeresidential #singaporeprivateproperties #velleyeecm #velleyeecm.wixsite.com/propertyonline
