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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:
- Month-on-month, overall prices increase by 1.5% over March 2021.
- Year-on-year, overall prices increase by 5.8% over April 2020.
- Year-on-year, all regions experience price increases: CCR by 2.6%, RCR by 5.5% and OCR by 7.3%.
- An estimated 1,993 units are resold in April 2021, a 7.9% increase from the 1,847 units resold in March 2021.
- This would be the highest monthly volume seen since April 2010.
- Volumes are estimated to be 528.7% higher than in April 2020, and 125.2% higher than the 5-year average volumes for the month of April.
- Breaking down by regions, in April 2021, an estimated56.9% of the volumes are from OCR, 23.7% from RCR and 19.5% from CCR.
- The highest transacted price for a resale unit in the month is achieved at $13.8 million at Leedon Residence.
- In RCR, the highest transacted price is a unit at The Meyerise resold for $5.2 million.
- In OCR, the highest transacted price is a unit at Ocean Park resold for $3.2 million.
- 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.
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District 21 (Clementi / Upper Bukit Timah) posted the highest median capital gain at $486,250, followed by District 10 (Tanglin / Holland / Bukit Timah) at $443,500.
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District 4 (Sentosa / Harbourfront) posted the highest median capital loss at -$54,880 followed by District 1 (Boat Quay / Raffles Place / Marina) at -$21,700.
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Capital gain data only include districts with more than 10 matching transactions.