CCR = Core Central Region
RCR = Rest of Central Region
OCR = Outside Central Region
A. Condo Rental Market
April 2021 rents increase 1.3% from March 2021. CCR, RCR and OCR rents increase by 1.3%, 1.2% and 1.3% respectively.
Volumes decrease by an estimate of 3.1% month-on-month. An estimated 5,100 units are rented in April 2021 as compared to 5,262 units rented in March 2021.
B. HDB Rental Market
April 2021 HDB rents increase 1.3% from March 2021. Mature and Non-Mature Estates rents increase by 0.6% and 2.0% respectively. 3 Room, 4 Room, 5 Room and Executive rents increase by 0.9%, 1.5%, 1.4% and 0.9% respectively.
Volumes decrease by an estimate of 8.8% month-on-month.An estimated 1,847 HDB flats are rented in April 2021 compared to 2,026 units in March 2021.
CCR prices increase 1.2% while RCR and OCR prices increase by 1.2% and 1.7% respectively in April 2021.
According to the SRX Price Index for Condo Resale:
An estimated 1,993 units are resold in April 2021, a 7.9% increase from the 1,847 units resold in March 2021.
The highest transacted price for a resale unit in the month is achieved at $13.8 million at Leedon Residence.
Overall median capital gain is $200,000 in April 2021. This represented an increase of $20,500 as compared to March 2021. The capital gain or loss of a condo resale unit is calculated by comparing the current transacted price with the previous transacted price of the same unit.
HDB resale price increases 1.2% in April 2021 compared to March 2021. Mature and Non-Mature Estates prices increase 0.9% and 1.4% respectively, as compared to March 2021. In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increase by 0.8%, 1.0%, 0.5% and 1.8% respectively.
According to the SRX Property Price Index for HDB Resale:
2,340 HDB resale transactions in April 2021, representing a 4.4% decrease from March 2021.
The highest transacted price for a resale flat in the month is achieved at $1,250,000 by a 5 Room DBSS unit at Natura Loft; In Non-Mature Estates, the highest transacted price is achieved at $892,888 by an Executive Apartment unit at Hougang Central.
In April 2021, there are 21 HDB resale flats transacted for at least $1,000,000, representing an increase from March 2021 in which 17 such units were transacted.
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