CCR = Core Central Region
RCR = Rest of Central Region
OCR = Outside Central Region
A. Condo Rental Market
August 2021 rents stay flat from July 2021. CCR and RCR rents decrease by 0.2% and 1.2% respectively while OCR rents increase by 1.0%.
Volumes increase by 6.6% month-on-month. An estimated 4,907 units are rented in August 2021 as compared to 4,602 units rented in July 2021.
B. HDB Rental Market
August 2021 HDB rents increase by 0.3% from July 2021. Mature and Non-Mature Estates rents both increase by 0.3%. 3 Room, 4 Room and 5 Room rents increase by 0.1%, 0.8% and 0.2% respectively while Executive rents decrease by 0.5%.
Volumes increase by 6.0% month-on-month. An estimated 1,842 HDB flats are rented in August 2021 compared to 1,737 units in July 2021.
CCR and OCR prices increase by 0.3% and 0.9% respectively while RCR price decreases by 0.2% in August 2021.
According to the SRX Price Index for Condo Resale:
An estimated 1,860 units are resold in August 2021, a 4.9% increase from the 1,773 units resold in July 2021.
The highest transacted price for a resale unit in the month is achieved at $21.4 million at Eden Residences Capitol.
Overall median capital gain is $193,000 in August 2021.This represents an increase of $12,830 from July 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 prices increase 1.1% in August 2021 compared to July 2021. Mature and Non-Mature Estates prices increase by 1.4% and 1.0% respectively, as compared to July 2021. In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increase by 0.9%, 1.2%, 1.2% and 1.5% respectively.
According to the SRX Property Price Index for HDB Resale:
2,748 HDB resale transactions in August 2021, representing a 3.2% increase from July 2021.
The highest transacted price for a resale flat in the month is achieved at $1,280,000 by a 5 Room DBSS unit at Natura Loft. In Non-Mature Estates, the highest transacted price is achieved at $885,000 by an Executive Maisonette unit at Toh Guan Road.
In August 2021, there are 26 HDB resale flats transacted for at least $1,000,000, which is the highest number of million-dollar flats sold in a month.
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