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CCR prices increase by 2.7%, RCR prices rise by 1.8% and OCR prices increase by 0.1% in November 2022.
According to the SRX Price Index for Condo Resale:
- Month-on-month, overall prices increase by 1.1% over October 2022.
- Year-on-year, overall prices increase by 10.8% over November 2021.
- Year-on-year, all regions experience price increases: CCR by 7.8%, RCR by 12.2% and OCR by 10.8%.
- RCR price growth in October have been revised to 1.3%.
- An estimated 1,124 units are resold in November 2022, a 9.4% decrease from the estimated 1,240 units resold in October 2022.
- Volumes are 30.4% lower than in November 2021, and 4.1% lower than the 5-year average volumes for the month of November.
- Breaking it down by region, in November 2022, 59.2% of the volumes are from OCR, 22.4% from RCR and 18.5% from CCR.
3. The highest transacted price for a resale unit in November is achieved at $19,888,000 at Marina One Residences.
- In RCR, the highest transacted price is a unit at MeyerHouse resold for $8,355,000.
- In OCR, the highest transacted price is a unit at Bedok Residences resold for $3,600,000.
4. The overall median capital gain for resale condos is $333,500 in November 2022, an increase of $27,519 from October 2022.
- District 21 (Clementi Park / Upper Bukit Timah) posts the highest median capital gain at $661,120. District 9 (Orchard / River Valley) posts the lowest capital gain at $93,000.
- The overall median unlevered return for resale condos is 30.5% in November 2022.
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District 28 (Seletar / Yio Chu Kang) posts the highest median unlevered return at 51.0%. District 9 (Orchard / River Valley) posts the lowest median unlevered return at 9.5%.
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The capital gains and 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.