CCR = Core Central Region
RCR = Rest of Central Region
OCR = Outside Central Region
A. Condo Rental Market
August 2022 rents climb by 3.2% from July 2022. CCR, RCR and OCR rents increase by 3.7%, 3.1% and 3.0% respectively.
Volumes increase by 0.4% month-on-month. An estimated 4,524 units are rented in August 2022 as compared to 4,506 units rented in July 2022.
B. HDB Rental Market
August 2022 HDB rents increase by 2.4% from July 2022. Mature and Non-Mature Estates rents increase by 2.6% and 2.3% respectively. Meanwhile, 3 Room, 4 Room, 5 Room and Executive rents increase by 2.0%, 3.5%, 1.9% and 2.8%.
Volumes increase by 3.8% month-on-month. An estimated 1,765 HDB flats are rented in August 2022 compared to 1,700 units in July 2022.
CCR, RCR and OCR prices increase by 1.0%, 0.8% and 1.5% respectively in August 2022.
According to the SRX Price Index for Condo Resale:
An estimated 1,135 units are resold in August 2022, a 14.5% decrease from the 1,327 units resold in July 2022.
The highest transacted price for a resale unit in the month of August is achieved at $15,150,000 at Sage.
The overall median capital gain for resale condos is $282,201 in August 2022, a decrease of $8,943 from July 2022.
The overall median unlevered return for resale condos is 25.1% in August 2022.
HDB resale prices increase by 0.4% in August 2022 compared to July 2022. Mature and Non-Mature Estates prices increased by 0.8% and 0.2% respectively, as compared to July 2022. In terms of room types, 3 Room and 5 Room prices increased by 0.5% each, 4 Room prices rose by 0.8% while Executive prices rose by 0.7%.
According to the SRX Property Price Index for HDB Resale:
2,323 HDB resale flats transacted in August 2022, representing a 1.7% decrease from July 2022.
The highest transacted price for a resale flat in the month is achieved at $1,350,000 by a 5 Room DBSS unit at The Peak @ Toa Payoh.
In August 2022, 33 HDB resale flats were transacted for at least $1,000,000,which is the same number as July 2022.
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SPI differs from other Singapore indices in four distinct ways:
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