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CCR, RCR and OCR prices increase by 1.1%, 1.7% and 0.6% respectively in September 2021.
According to the SRX Price Index for Condo Resale:
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Month-on-month, overall prices increase by 1.0% over August 2021.
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Year-on-year, overall prices increase by 8.9% over September 2020.
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Year-on-year, all regions experience price increases: CCR by 9.1%, RCR by 8.6% and OCR by 9.0%.
- An estimated 1,736 units are resold in September 2021, a 3.8% decrease from the 1,805 units resold in August 2021.
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Volumes are 35.9% higher than in September 2020, and 84.1% higher than the 5-year average volumes for the month of September.
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Breaking down by regions, in September 2021, 60.3% of the volumes are from OCR, 23.5% from RCR and 16.2% from CCR.
- The highest transacted price for a resale unit in the month is achieved at $26.3 million at Le Nouvel Ardmore.
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In RCR, the highest transacted price is a unit at Reflections at Keppel Bay resold for $7.5 million.
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In OCR, the highest transacted price is a unit at Mandarin Gardens resold for $4.1 million.
- Overall median capital gain is $233,500 in September 2021. This represents an increase of $40,500 from August 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 10 (Tanglin / Holland / Bukit Timah) posts the highest median capital gain at $555,000, followed by District 11 (Newton / Novena) at $468,000.
- District 4 (Sentosa / Harbourfront) posts the lowest median capital gain at $30,000, followed by District 17 (Changi Airport / Changi Village) at $76,436.
- Capital gain data only include districts with more than 10 matching transactions.