- CCR, RCR and OCR prices increase by 0.3%, 0.1% and 0.5% respectively in January 2022.
According to the SRX Price Index for Condo Resale:
- Month-on-month, overall prices increase by 0.4% over December 2021.
- Year-on-year, overall prices increase by 9.2% over January 2021.
- Year-on-year, all regions experience price increases: CCR by 9.7%, RCR by 7.5% and OCR by 10.0%.
- An estimated 1,118 units are resold in January 2022, a 23.8% decrease from the 1,468 units resold in December 2021.
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Volumes are 23.1% lower than in January 2021, and 26.9% higher than the 5-year average volumes for the month of January.
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Breaking down by regions, in January 2022, 64.2% of the volumes are from OCR, 21.2% from RCR and 14.5% from CCR.
- The highest transacted price for a resale unit in the month is achieved at $14.1 million at Hilltops.
- In RCR, the highest transacted price is a unit at Reflections At Keppel Bay resold for $11.0 million.
- In OCR, the highest transacted price is a unit at Elliot At The East Coast resold for $4.0 million.
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Overall median capital gain is $261,250 in January 2022. This represents an increase of $44,250 from December 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 Park / Upper Bukit Timah) posts the highest median capital gain at $570,000, followed by District 11 (Newton / Novena) at $483,500.
- District 12 (Balestier / Toa Payoh) posts the lowest median capital gain at $122,000, followed by District 17 (Changi Airport / Changi Village) at $129,325.
- Capital gain data only include districts with more than 10 matching transactions.