CCR = Core Central Region
RCR = Rest of Central Region
OCR = Outside Central Region
A. Condo Rental Market
May 2021 rents increase 0.3% from April 2021. CCR and OCR rents increase by 1.1% and 0.5% respectively while RCR rents decrease by 0.6%.
Volumes increase by 1.7% month-on-month. An estimated 4,603 units are rented in May 2021 as compared to 4,527 units rented in April 2021.
B. HDB Rental Market
May 2021 HDB rents increase 0.7% from April 2021. Mature and Non-Mature Estates rents increase by 1.4% and 0.1% respectively. 3 Room, 4 Room, 5 Room and Executive rents increase by 0.4%, 1.5%, 0.3% and 0.9% respectively.
Volumes decrease by 0.9% month-on-month. An estimated 1,686 HDB flats are rented in May 2021 compared to 1,702 units in April 2021.
RCR and OCR prices increase by 1.8% and 0.8% respectively while CCR prices decrease 0.7% in May 2021.
According to the SRX Price Index for Condo Resale:
An estimated 1,722 units are resold in May 2021, an 11.4% decrease from the 1,944 units resold in April 2021.
The highest transacted price for a resale unit in the month is achieved at $13.3 million at The Marq on Paterson Hill.
Overall median capital gain is $190,800 in May 2021. This represents a decrease of $9,200 from April 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 May 2021 compared to April 2021. Mature and Non-Mature Estates prices increase by 0.9% and 1.4% respectively, as compared to April 2021. In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increase by 1.6%, 1.0%, 1.5% and 1.4% respectively.
According to the SRX Property Price Index for HDB Resale:
1,966 HDB resale transactions in May 2021, representing a 16.0% decrease from April 2021.
The highest transacted price for a resale flat in the month is achieved at $1,210,000 by a 5 Room unit at Buona Vista Court. In Non-Mature Estates, the highest transacted price is achieved at $865,000 by an Executive Apartment unit at Hougang Central.
In May 2021, there are 13 HDB resale flats transacted for at least $1,000,000, representing a decrease from April 2021 in which 21 such units were transacted.
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