Condo Resale Prices Continue to Increase Despite Declining Transaction Volumes

1. In November 2025, condo resale prices in CCR, RCR, and OCR increased by 0.2%, 0.5%, and 0.3%, respectively.

According to the SRX Price Index for Condo Resale:

• Month-on-month, overall prices increased by 0.6%.

• Year-on-year, overall prices increased by 4.8% compared to November 2024.

• Year-on-year, CCR, RCR, and OCR experienced price increases of 2.8%, 6%, and 4.9%, respectively.

2. An estimated 906 units were resold in November 2025, a decrease of 13.3% from the 1,046 units resold in October 2025.

• Resale volumes were 14.2% lower than in November 2024 and 11.2% lower compared to the 5-year average for November.

• Breaking it down by region, in November 2025, 48.2% of the transactions were from OCR, 32.2% from RCR, and 19.7% from CCR.

• The percentage of sub-sale transactions out of the total secondary sale transactions (i.e., Resale + Sub-Sale) was 5.9% in November 2025, a decrease from October 2025.

• Sub-sale transactions refer to secondary sale transactions occurring before the project is completed.

3. The highest transacted price for a resale unit in November was S$20,000,000 for a unit at Sculptura Ardmore.

• In RCR, the highest transacted price was S$5,530,000 for a resale unit at The Waterside.

• In OCR, the highest transaction was a unit at Seaside Residences, which resold for S$4,400,000.

4. The overall median capital gain for resale condos was S$388,000 in November 2025, a decrease of S$7,000 from October 2025.

• District 10 (Tanglin / Holland / Bukit Timah) posted the highest median capital gain at S$789,000. District 1 (Boat Quay / Raffles Place / Marina) posted the lowest median capital gain at -S$248,000.

5. The overall median unlevered return for resale condos was 31.1% in November 2025.

• District 21 (Clementi Park / Upper Bukit Timah) posted the highest median unlevered return at 53.9%. District 1 (Boat Quay / Raffles Place / Marina) posted the lowest median unlevered return at -11.1%.

• Capital gains and returns are calculated by comparing each current transacted price with the previous transacted price of the same unit. Districts with less than 10 matching transactions are excluded from the ranking.