- 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:
- Month-on-month, overall prices increase by 0.9% over April 2021.
- Year-on-year, overall prices increase by 6.9% over May 2020.
- Year-on-year, all regions experience price increases: CCR by 2.8%, RCR by 6.4% and OCR by 8.7%.
- An estimated 1,722 units are resold in May 2021, an 11.4% decrease from the 1,944 units resold in April 2021.
- Volumes are 811.1% higher than in May 2020, and 86.6% higher than the 5-year average volumes for the month of May.
- Breaking down by regions, in May 2021, 59.3% of the volumes are from OCR, 23.0% from RCR and 17.6% from CCR.
- The highest transacted price for a resale unit in the month is achieved at $13.3 million at The Marq on Paterson Hill.
- In RCR, the highest transacted price is a unit at Reflections at Keppel Bay resold for $5.7 million.
- In OCR, the highest transacted price is a unit at Saint Patrick’s Residences resold for $3.5 million.
- 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.
- District 21 (Clementi / Upper Bukit Timah) posts the highest median capital gain at $377,000, followed by District 9 (Cairnhill / Orchard Rd / River Valley) at $368,888.
- District 4 (Sentosa / Harbourfront) is the only district that posts a median capital loss at -$135,000.
- Capital gain data only include districts with more than 10 matching transactions.