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Post by zuolun on Jan 24, 2014 5:21:03 GMT 7
About the Singapore Real Estate Exchange Property Index (SPI)On the Friday of the first full work week for each month, SRX releases the Singapore Real Estate Exchange Property Index (SPI) as a public service to the community. SPI differs from other Singapore indices in four distinct ways: - SPI is the first index to calculate price changes that take into account unique Singaporean factors such as the property's distance to a top primary school or an MRT station. The index, of course, controls for standard index factors like location, age of property, size, floor levels and land tenure.
- SPI uses a Hedonic Regression methodology modeled on proven real estate economics and consumer price indices worldwide.
- SPI employs unique data available only to SRX. As a result, for private sale transactions, the indices include both public caveated transactions and non-caveated transactions, resulting in a comprehensive view of the property market at any point in time.
- Due to its industry-wide integration with the market's major estate agencies StreetSine, on behalf of SRX, collects, processes, integrates and crunches data in real-time. Hence, StreetSine can calculate and release monthly SPI updates before other Singaporean indices.
For more information, please refer to the SPI White Paper. FTSE ST Real Estate Index — Trading in a EW pattern and there is a possibility to start a Big Wave C down if break down from the Falling Wedge.FTSE ST Real Estate Investment Trust Index — More selling of the REIT if the support (about 690) of Falling wedge is broken
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