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CCR, RCR and OCR prices increase by 0.9%, 0.8% and 1.5% respectively in July 2022.
According to the SRX Price Index for Condo Resale:
- Month-on-month, overall prices increase by 1.2% over June 2022.
- Year-on-year, overall prices increase by 9.8% over July 2021.
- Year-on-year, all regions experience price increases: CCR by 6.4%, RCR by 9.4% and OCR by 10.9%.
- An estimated 1,248 units are resold in July 2022, a 6.7% decrease from the 1,338 units resold in June 2022.
- Volumes are 30.7% lower than in July 2021, and 4.4% higher than the 5-year average volumes for the month of July.
- Breaking it down by region, in July 2022, 59.1% of the volumes are from OCR, 24.6% from RCR and 16.3% from CCR.
3. The highest transacted price for a resale unit in the month of July is achieved at $22,289,400 at Le Nouvel Ardmore.
- In RCR, the highest transacted price is a unit at Echelon resold for $ 5,500,000.
- In OCR, the highest transacted price is a unit at Double Bay Residences resold for $ 3,400,000.
4. The overall median capital gain for resale condos is $291,144 in July 2022, an increase of $10,489 from June 2022.
- District 21 (Clementi Park / Upper Bukit Timah) posts the highest median capital gain at $900,500. District 13 (MacPherson / Potong Pasir) posts the lowest median capital gain at $148,450.
- The capital gain of a condo resale unit is calculated by comparing the current transacted price with the previous transacted price of the same unit. Districts with fewer than 10 matching transactions are excluded from the ranking.
- The overall median unlevered and levered returns for resale condos are 26.4% and 63.2% respectively in July 2022.
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District 21 (Clementi Park / Upper Bukit Timah) posts the highest median unlevered return at 78.5%. District 13 (MacPherson / Potong Pasir) posts the lowest median unlevered return at 13.6%.
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District 21 (Clementi Park / Upper Bukit Timah) posts the highest median levered return at 237.8%. District 9 (Orchard / River Valley) posts the lowest median levered return at 2.7%.
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The returns of a condo resale unit are calculated by comparing the current transacted price with the previous transacted price of the same unit. Districts with fewer than 10 matching transactions are excluded from the ranking. Assumptions used for the calculation of levered returns can be found on page 5 of the report.