CCR = Core Central Region
RCR = Rest of Central Region
OCR = Outside Central Region
A. Condo Rental Market
April 2022 rents climb 2.3% from March 2022. CCR, RCR and OCR rents increase by 3.1%, 1.8% and 2.1% respectively.
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.
B. HDB Rental Market
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.
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.
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:
An estimated 1,368 units are resold in April 2022, a 2.2% decrease from the 1399 units resold in March 2022.
The highest transacted price for a resale unit in the month is achieved at $10.25 million at The Orchard Residences.
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.
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:
2,273 HDB resale transactions in April 2022, representing a 0.2% increase from March 2022..
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 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.
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:
For more information, please refer to the SPI White Paper.
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.