CCR = Core Central Region
RCR = Rest of Central Region
OCR = Outside Central Region
HDB resale price increases 1.4% in February 2021 compared to January 2021. Mature and Non-Mature Estate prices increase 1.7% and 1.1% respectively, as compared to January 2021. In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increase by 1.7%, 0.9%, 2.3% and 0.8% respectively.
According to the SRX Property Price Index for HDB Resale:
2,165 HDB resale transactions in February 2021, representing a 13.4% decrease from January 2021.
The highest transacted price for a resale flat in the month is achieved at $1,210,000 by an Executive Maisonette unit at Toh Yi Drive; In Non-Mature Estates, the highest transacted price is achieved at $890,000 by an Executive Premium Maisonette unit at Choa Chu Kang Street 64.
In February 2021, there were 23 HDB resale flats transacted for at least $1,000,000, representing an increase from January 2021 in which 13 such units were transacted.
A. Condo Rental Market
January 2021 rents increase 1.6% from December 2020. CCR, RCR and OCR rents increase by 2.0%, 1.1% and 1.7% respectively.
Volumes increase 11.3% month-on-month. An estimated 4,747 units are rented in January 2021 as compared to 4,266 units in December 2020.
B. HDB Rental Market
January 2021 HDB rents increase 0.9% from December 2020. Mature and Non-Mature Estates rents increase by 1.4% and 0.4% respectively. 3 Room, 4 Room, 5 Room and Executive rents increase by 0.5%, 1.4%, 0.8% and 1.4% respectively.
Volumes increase 14.6% month-on-month. An estimated 1,912 HDB flats are rented in January 2021 versus 1,668 units in December 2020.
CCR, RCR and OCR prices increase by 0.4%, 1.9% and 1.1% in January 2021.
According to the SRX Price Index for Condo Resale:
An estimated 1,587 units are resold in January 2021, an 8.6% increase from the 1,461 units resold in December 2020.
The highest transacted price for a resale unit in the month is achieved at $17.7 million at Le Nouvel Ardmore.
Overall Transaction Over X-Value (T-O-X) is $16,000 in January 2021. This represented an increase of $1,000 as compared to December 2020. The median T-O-X for Condo Resale measures whether people are overpaying (POSITIVE T-O-X) or underpaying (NEGATIVE T-O-X) the SRX X-Value estimated market value.
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:
For more information, please refer to the SPI White Paper.
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