Condo Resale Prices Increase 1.0% in February 2021, Climbing for Seventh Straight Month

10 Mar 2021
Property Data
1. CCR, RCR and OCR prices increase by 1.5%, 0.7% and 1.1% in February 2021.

According to the SRX Price Index for Condo Resale:

condo resale price index 2021 february

condo resale price index by region 2021 february

  • Month-on-month, overall prices increase by 1.0% over January 2021.
  • Year-on-year, overall prices increase by 4.4% over February 2020.
  • Year-on-year, all regions experience price increases: CCR by 2.7%, RCR by 2.6% and OCR by 5.8%.

2. An estimated 1,399 units are resold in February 2021, a 0.4% increase from the 1,391 units resold in January 2021.

condo resale volume 2021 february

  • Volumes are 126.0% higher than in February 2020, and 101.9% higher than the 5-year average volumes for the month of February.
  • Breaking down by regions, in February 2021, 55.5% of the volumes are from OCR, 26.7% from RCR and 17.8% from CCR.

3. The highest transacted price for a resale unit in the month is achieved at $25.0 million at The Marq on Patterson Hill.

  • 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 Tierra Vue resold for $2.7 million.

4. Overall median capital gain is $203,844 in February 2021. This represented an increase of $23,844 as compared to January 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.

condo resale median capital gain loss 2021 february

condo resale median capital gain loss by district 2021 february

  • District 15 (East Coast / Marine Parade) posted the highest median capital gain at $450,000, followed by District 21 (Clementi Park / Upper Bukit Timah) at $364,000.
  • District 4 (Sentosa / Harbourfront) posted the lowest median capital gain at $40,000, followed by District 2 (Chinatown / Tanjong Pagar) at $67,650.
  • Capital gain data only include districts with more than 10 matching transactions.
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