SG Wealth Builder is pleased to form a partnership with SRX Singapore Property to bring you the latest information on property trend in Singapore. Below article is based on information provided by SRX Research and readers must not interpret it as a form of financial advice.Since the launch of X-Value on 20 Mar 2014, more than 60,000 homes have their X-Value calculated on www.srx.com.sg and Agent Connect apps. Buyers, sellers, and real estate professionals have used it as a starting point in pricing their home.
In order to understand how closely HDB valuations track the X-Value, all SRX HDB transactions in 2014 with complete valuation data were used in a comparison study.
From 1 Jan 2014 to 30 Mar 2014, the study analyzed a total of 1,774 HDB transactions. 98.2% of all valuation prices fall within a +-10% range of the X-Value.
...
