20 Aug '16, 6am

One in five condo owners sitting on paper losses

About 22 per cent of private condominium owners are currently in the red, meaning that they are suffering from paper losses on their homes, according to estimates based on SRX Property’s computer-generated X-Value. Singaporean homes were transacted within plus or minus 3.5 per cent of their X-Value on average last year and in the first half of this year. This makes the automated valuation algorithm a reliable indicator of a property’s market value. X-Value, available free at SRX.com.sg, helps homeowners understand when it might be possible to realise capital gains on their homes or if they would suffer losses if they sell their properties. The calculation is simple enough. Subtract your purchase price from your home’s X-Value and, voila, you get your indicative unrealised gain or loss, excluding other costs related to the transaction. For example, if you purchased your hom...

Full article: http://www.srx.com.sg/singapore-property-news/22772/one-i...

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