CCR = Core Central Region
RCR = Rest of Central Region
OCR = Outside Central Region
A. Condo Rental Market
September 2021 rents climb 0.7% from August 2021. CCR, RCR and OCR rents increase by 1.0%, 0.5% and 0.8% respectively.
Volumes decrease by 0.7% month-on-month. An estimated 4,454 units are rented in September 2021 as compared to 4,484 units rented in August 2021.
B. HDB Rental Market
September 2021 HDB rents increase by 0.6% from August 2021. Mature and Non-Mature Estates rents increase by 1.0% and 0.1% respectively. 3 Room, 5 Room and Executive rents increase by 0.9%, 0.6% and 0.3% respectively while 4 Room rents remain unchanged.
Volumes decrease by 0.5% month-on-month. An estimated 1,702 HDB flats are rented in September 2021 compared to 1,710 units in August 2021.
CCR, RCR and OCR prices increase by 1.1%, 1.7% and 0.6% respectively in September 2021.
According to the SRX Price Index for Condo Resale:
An estimated 1,736 units are resold in September 2021, a 3.8% decrease from the 1,805 units resold in August 2021.
The highest transacted price for a resale unit in the month is achieved at $26.3 million at Le Nouvel Ardmore.
Overall median capital gain is $233,500 in September 2021.This represents an increase of $40,500 from August 2021. 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.
HDB resale prices increase 0.9% in September 2021 compared to August 2021. Mature and Non-Mature Estates prices increase by 0.6% and 1.1% respectively, as compared to August 2021. In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increase by 1.0%, 0.9%, 0.5% and 1.3% respectively.
According to the SRX Property Price Index for HDB Resale:
2,518 HDB resale transactions in September 2021, representing an 8.4% decrease from August 2021.
The highest transacted price for a resale flat in the month is achieved at $1,295,000 by a 5 Room DBSS unit at Natura Loft. In Non-Mature Estates, the highest transacted price is achieved at $910,000 by an Executive Apartment unit at Hougang Street 31.
In September 2021, there are 23 HDB resale flats transacted for at least $1,000,000, representing a decrease from August 2021 in which 26 such units were transacted.
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