Condo Resale Volumes Remain Above 1,200 Units, Prices Increase 0.1% in September

13 Oct 2020
Property Data
1. CCR and RCR prices increase by 0.5% and 0.8%, while OCR prices decrease by 0.5% in September 2020.  According to the SRX Price Index for Condo Resale:

condo resale price index 2020 september
condo resale price index by region 2020 september
  • Month-on-month, overall prices increase by 0.1% over August 2020.
  • Year-on-year, overall prices increase by 0.1% over September 2019.
  • In terms of regions, year-on-year, RCR and OCR prices increase by 1.0% and 1.2% respectively while CCR prices decrease by 4.0%.
2. An estimated 1,286 units are resold in September 2020, a 0.4% increase from the 1,281 units resold in August 2020.

condo resale volume 2020 september

  • Volumes are 62.8% higher than in September 2019, and 64.5% higher than the 5-year average volumes for the month of September.
  • Breaking down by regions, in September 2020, 56.4% of the volumes are from OCR, 25.3% from RCR and 18.3% from OCR.
3. The highest transacted price for a resale unit in the month is achieved at $16.2 million at Le Nouvel Ardmore.
  • In RCR, the highest transacted price is a unit at Camelot By-The-Water resold for $5.1 million.
  • In OCR, the highest transacted price is a unit at The Trilinq resold for $4.8 million.
4. Overall Transaction Over X-Value (T-O-X) is $0 in September 2020. This represented an increase of $3,000 as compared to August 2020. The median T-O-X for Condo Resale measures whether people are overpaying (POSITIVE T-O-X) or underpaying (NEGATIVE T-O-X) the SRX X-Value estimated market value.

condo resale median transaction over xvalue 2020 september
condo resale tox by district 2020 september
  • District 15 (East Coast / Marine Parade) and District 21 (Clementi Park / Upper Bukit Timah) posted the highest median T- O-X at POSITIVE $10,000, followed by District 22 (Boon Lay / Jurong / Tuas) at POSITIVE $8,000 T-O-X.
  • District 26 (Mandai / Upper Thomson) posted the lowest median T-O-X at NEGATIVE $13,800, followed by District 2 (Chinatown / Tanjong Pagar) and District 4 (Sentosa / Harbourfront) at NEGATIVE $10,000.
  • T-O-X data only include districts with more than 10 resale transactions with X-Value.
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