CCR = Core Central Region
RCR = Rest of Central Region
OCR = Outside Central Region
A. Condo Rental Market
July 2022 rents climb by 1.7% from June 2022. CCR, RCR and OCR rents increased by 1.2%, 1.7% and 2.2% respectively.
Volumes increased by 5.3% month-on-month. An estimated 4,809 units are rented in July 2022 as compared to 4,568 units rented in June 2022.
B. HDB Rental Market
July 2022 HDB rents increased by 1.5% from June 2022. Mature Estates rents increased by 2.5% while Non-Mature Estates rents increased by 0.4%. 3 Room, 4 Room, 5 Room and Executive rents increased by 2.3%, 0.1%, 2.5% and 1.9%.
Volumes increased by 11.1% month-on-month. An estimated 1,762 HDB flats are rented in July 2022 compared to 1,586 units in June 2022.
CCR, RCR and OCR prices increase by 0.9%, 0.8% and 1.5% respectively in July 2022.
According to the SRX Price Index for Condo Resale:
An estimated 1,248 units were resold in July 2022, a 6.7% decrease from the 1,338 units resold in June 2022.
The highest transacted price for a resale unit in the month of July is achieved at $22,289,400 at Le Nouvel Ardmore.
The overall median capital gain for resale condos is $291,144 in July 2022, an increase of $10,489 from June 2022.
The overall median unlevered and levered returns for resale condos are 26.4% and 63.2% respectively in July 2022.
HDB resale prices increased by 0.7% in July 2022 compared to June 2022. Mature and Non-Mature Estates prices increase by 0.8% and 0.6% respectively, as compared to June 2022. In terms of room types, 3 Room and 4 Room prices increase by 0.6% each, 5 Room prices rise by 0.5% while Executive prices climb the most by 1.2%.
According to the SRX Property Price Index for HDB Resale:
2,363 HDB resale flats transacted in July 2022, representing a 10.5% increase from June 2022.
The highest transacted price for a resale flat in the month is achieved at $1,418,000 by a 5 Room Premium Apartment Loft unit at SkyTerrace @ Dawson. This is also the most expensive flat ever sold.
In July 2022, there are 33 HDB resale flats transacted for at least $1,000,000,representing a slight increase from June 2022 in which 31 such units were transacted.
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