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CCR and OCR prices increase by 0.6% and 1.4% respectively while RCR prices decrease by 0.2% in March 2022.
According to the SRX Price Index for Condo Resale:
- Month-on-month, overall prices increase by 0.8% over February 2022.
- Year-on-year, overall prices increase by 9.7% over March 2021.
- Year-on-year, all regions experience price increases: CCR by 7.1%, RCR by 7.3% and OCR by 11.8%.
2. An estimated 1,302 units are resold in March 2022, a 35.6% increase from the 960 units resold in February 2022.
- Volumes are 31.4% lower than in March 2021, and 7.8% higher than the 5-year average volumes for the month of March.
- Breaking down by regions, in March 2022, 61.1% of the volumes are from OCR, 25.4% from RCR and 13.6% from CCR.
3. The highest transacted price for a resale unit in the month is achieved at $13.6 million at The Marq on Paterson Hill.
- In RCR, the highest transacted price is a unit at Silversea resold for $5.05 million.
- In OCR, the highest transacted price is a unit at Elliot at the East Coast resold for $3.4 million.
4. Overall median capital gain is $238,000 in March 2022. This represents a decrease of $28,100 from February 2022. 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 Park / Upper Bukit Timah) posts the highest median capital gain at $889,500, followed by District 11 (Newton / Novena) at $560,000.
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District 4 (Sentosa / Harbourfront) is the only district with a median capital loss at $17,127.
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Capital gain data only include districts with more than 10 matching transactions.