SRX Property and Rental Index

[Pal]

It is from URA but data is more detailed and up to date as compared to the free service. It is for Subscriber only. REALIS is the name of the service.

[dsol]

Interesting. Here's the ebrochure for REALIS

https://www.ura.gov.sg/-/media/Corporat ... ochure.pdf

[Lisafuller]

I would not rely on the “x-value” from SRX for estimating current market value. That is too speculative for my taste, especially when you’ve got rich data sets to extrapolate from.

Completely agree. Value is arbitrary.

[dsol]

I have had the chance to speak some agents, about 8 in total, as I'm on the apt hunt. It seems they all use SRX as their index for pricing rental. As identified by others above, SRX numbers are in indeed generated from URA, not self reported from agents directly as I was speculating.

While URA may have historically been the benchmark for pricing rentals, the granularity and currency of the SRX data is what is used by agents. Unfortunately for us as tenants, we don't get access to this level of detail and need to rely on "friendly" agents to show us what they see so we can properly gauge the market.

Any conjuring by the URA of privacy concerns re exact unit numbers and reasons for the time lag for the free service are now moot given they sell this exact data to agents in quick time.

While I understand the govt's desire to commercialize the data sitting in URA, it's a shame that this has created information asymmetry for renters seeking to understand markets and to better price and budget for their homes. This unfortunately doesn't help renters and is more acute given the current rental environment. I'll pin URA's decision, to sell their data to SRX, as an unintended consequence for SG renters. The skeptics amongst us may view this as the govt's desired pro business outcome. I'll let you decide.

[malcontent]

URA collects the raw data, SRX then aggregates that data. The only problem I see is that some will try and manipulate reality by cherry picking data that may not paint the true picture for the unit at hand. It still requires some initiative to become better informed (buyer/renter beware), plus some applied common sense to understand what is behind the numbers. Taking numbers people feed you on blind faith (especially if they have an incentive to milk you) is never a good idea. But… I have to say, having this data (both the raw & aggregated) sure beats shooting in the dark.