SRX Property Index (SPI) Chart

Touch graph to see detail.
Sorry. We are unable to display the indices for your selections.
Note: The latest month's value is based on flash estimate.
Source: Singapore Real Estate Exchange (SRX)

Download SRX Flash         Report

Observations

Legend:

CCR = Core Central Region

RCR = Rest of Central Region

OCR = Outside Central Region

April 2022 Rentals   (Download the full report here)

Headline: Condo Rents Increase by 2.3% in April 2022, Rising for 16th Consecutive Month; HDB Rents Rise by 1.9%, Climbing for 22nd Straight Month
More  

A. Condo Rental Market

  1. April 2022 rents climb 2.3% from March 2022. CCR, RCR and OCR rents increase by 3.1%, 1.8% and 2.1% respectively.

    • Year-on-year, overall rents increase by 15.1% from April 2021.
    • Year-on-year, rents in CCR, RCR and OCR increase by 14.0%, 14.4% and 16.5% respectively.
    • April 2022 condo rents surpass the previous peak in January 2013 by 1.8%.
  2. Volumes decrease by 21.0% month-on-month.An estimated 3,551 units are rented in April 2022 as compared to 4,497 units rented in March 2022.

    • Year-on-year, rental volumes are 28.9% lower.
    • Volumes are 23.2% lower than the 5-year average volume for the month of April.
    • Breaking it down by region, in April 2022, 38.1% of the total volumes are from OCR, 32.0% from RCR and 29.9% from CCR.

B. HDB Rental Market

  1. April 2022 HDB rents increase by 1.9% from March 2022.Mature Estates rents increase by 2.2% while Non-Mature Estates rents increase by 1.7%. 3 Room, 4 Room, 5 Room and Executive rents increase by 1.4%, 2.3%, 2.3% and 1.2% respectively.

    • Year-on-year, overall rents increase by 14.3%.
    • Year-on-year, Mature Estates and Non-Mature Estates rents increase by 14.2% and 14.4% respectively.
    • Year-on-year, all room types record rent increases: 3 Room by 13.2%, 4 Room by 14.7%, 5 Room by 15.1% and Executive rents by 10.6%.
  2. Volumes decrease by 20.7% month-on-month.An estimated 1,382 HDB flats are rented in April 2022 compared to 1,743 units in March 2022.

    • Year-on-year, rental volumes decrease by 24.5% from April 2021.
    • Volumes are 28.0% lower than the 5-year average volume for the month of April.
    • Breaking it down by room type, in April 2022, 37.4% of the total volumes are from 3 Room, 36.7% from 4 Room, 21.9% from 5 Room and 4.1% from Executive.

April 2022 Non-Landed Private Resale   (Download the full report here)

Headline: Condo Resale Price Rise for 21st Straight Month, Increasing by 0.7% in April 2022; Volumes Decrease by 2.2%
More  
  1. CCR prices increase by 1.1% while RCR and OCR prices both increase by 0.6% in April 2022.

    According to the SRX Price Index for Condo Resale:

    • Month-on-month, overall prices increase by 0.7% over March 2022.
    • Year-on-year, overall prices increase by 9.0% over April 2021.
    • Year-on-year, all regions experience price increases: CCR by 7.4%, RCR by 6.7% and OCR by 10.8%.
  2. An estimated 1,368 units are resold in April 2022, a 2.2% decrease from the 1399 units resold in March 2022.

    • Volumes are 31.3% lower than in April 2021, and 17.8% higher than the 5-year average volumes for the month of April.
    • Breaking it down by region, in April 2022, 56.3% of the volumes are from OCR, 27.8% from RCR and 15.9% from CCR.
  3. The highest transacted price for a resale unit in the month is achieved at $10.25 million at The Orchard Residences.

    • In RCR, the highest transacted price is a unit at Silversea resold for $9.5 million.
    • In OCR, the highest transacted price is a unit at The Parc Condominium resold for $3.3 million.
  4. Overall median capital gain is $250,000 in April 2022. This represents an increase of $12,000 from March 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.

    • District 11 (Newton / Novena) posts the highest median capital gain at $513,000, followed by District 21 (Clementi Park / Upper Bukit Timah) at $436,600.
    • District 4 (Sentosa / Harbourfront) is the only district with a median capital loss at $9,900.
    • Capital gain data only include districts with more than 10 matching transactions.

April 2022 HDB Resale   (Download the full report here)

Headline: HDB Resale Prices Extend Rally for the 22nd Straight Month, Rising by 1.1% in April 2022
More  
  1. HDB resale prices increase 1.1% in April 2022 compared to March 2022. Mature and Non-Mature Estates prices increase by 1.0% and 1.2% respectively, as compared to March 2022. In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increase by 1.4%, 1.2%, 0.9% and 0.9%.

    According to the SRX Property Price Index for HDB Resale:

    • Year-on-year, the overall price increase is 11.9%.
    • Year-on-year, prices for all room types increase over April 2021: 3 Room by 13.2%, 4 Room by 12.2%, 5 Room by 11.7% and Executive by 11.9%.
    • Mature and Non-Mature Estates prices increase by 9.8% and 13.5% respectively from a year ago.
  2. 2,273 HDB resale transactions in April 2022, representing a 0.2% increase from March 2022..

    • Year-on-year, resale volume in April 2022 is 2.9% lower than the previous year.
    • Breaking down by room types, in April 2022, 43.7% of the volume come from HDB 4 Room, 25.6% from 5 Room, 21.8% from 3 Room and 7.4% from Executive. The rest are from 2 Room.
    • Breaking down by estates, 57.7% of the resale volume in April 2022 come from Non-Mature Estates. The remaining 42.3% in the month are from Mature Estates.
  3. The highest transacted price for a resale flat in the month is achieved at $1,228,000 by a 5 Room unit at Pinnacle @ Duxton. Another 4 Room unit at Pinnacle @ Duxton is resold for the same price at $1,228,000 as well.

    • In Non-Mature Estates, the highest transacted price is achieved at $958,888 by an Executive Apartment unit at Woodlands Street 82.
  4. In April 2022, there are 22 HDB resale flats transacted for at least $1,000,000,representing a decrease from March 2022 in which 27 such units were transacted.

    • The number of million-dollar flats sold comprises 1.0% of the total resale volume in the month.
    • Central Area and Clementi each record five of the million-dollar flats sold in the month, followed by Bukit Merah with four units. The rest of the million-dollar flats come from Serangoon, Toa Payoh, Ang Mo Kio and Bishan.

Index Value And Change

Date Value % Change
  • Prev
  • 1
  • 2
  • 3
  • Next

About SPI

About the Singapore Real Estate Exchange Property Index (SPI)

On the Friday of the first full work week for each month, SRX releases the Singapore Real Estate Exchange Property Index (SPI) as a public service to the community.

SPI differs from other Singapore indices in four distinct ways:

  1. SPI is the first index to calculate price changes that take into account unique Singaporean factors such as the property's distance to a top primary school or an MRT station. The index, of course, controls for standard index factors like location, age of property, size, floor levels and land tenure.
  2. SPI uses a Hedonic Regression methodology modeled on proven real estate economics and consumer price indices worldwide.
  3. SPI employs unique data available only to SRX. As a result, for private sale transactions, the indices include both public caveated transactions and non-caveated transactions, resulting in a comprehensive view of the property market at any point in time.
  4. Due to its industry-wide integration with the market's major estate agencies StreetSine, on behalf of SRX, collects, processes, integrates and crunches data in real-time. Hence, StreetSine can calculate and release monthly SPI updates before other Singaporean indices.

For more information, please refer to the SPI White Paper.


Disclaimer

The information contained in this document is the proprietary and exclusive property of StreeSine Singapore Pte. Ltd. (""SSPL"") except as otherwise indicated. The information contained herein is for informational purposes only and is not intended to replace any professional advice. The views expressed are entirely those of the authors.

Whilst the information is intended to be accurate and current, SSPL is not responsible for any errors or omissions in this document. SSPL may vary, withdraw or amend any information presented herein at any time without notice.

To the fullest extent permitted by law, in no event shall StreetSine, its officers and employees, affiliates, subsidiaries, successors and assigns be liable for any damages or costs, including without limitation any indirect, consequential, special, incidental, or punitive damages arising out of, based on, or resulting from your reliance on or use of the information herein.

No part of this document may be reproduced except as authorised by written permission. The copyright and the foregoing restriction extend to reproduction in all media.

©StreetSine Singapore Pte. Ltd.. All rights reserved.

Singapore Real Estate Exchange Property Index, SPI, Singapore Real Estate Exchange and SRX are trade names of SSPL.