Condo Resale Prices Grow 0.9% in May 2021; Volumes Decrease by 11.4%

08 Jun 2021
Property Data
  1. RCR and OCR prices increase by 1.8% and 0.8% respectively while CCR prices decrease 0.7% in May 2021.

          According to the SRX Price Index for Condo Resale:

Condo Resale Price Index May 2021
Condo Resale Price Index By Region May 2021

  • Month-on-month, overall prices increase by 0.9% over April 2021.
  • Year-on-year, overall prices increase by 6.9% over May 2020.
  • Year-on-year, all regions experience price increases: CCR by 2.8%, RCR by 6.4% and OCR by 8.7%.


  1. An estimated 1,722 units are resold in May 2021, an 11.4% decrease from the 1,944 units resold in April 2021.
Condo Resale Volume May 2021
  • Volumes are 811.1% higher than in May 2020, and 86.6% higher than the 5-year average volumes for the month of May.
  • Breaking down by regions, in May 2021, 59.3% of the volumes are from OCR, 23.0% from RCR and 17.6% from CCR.


  1. The highest transacted price for a resale unit in the month is achieved at $13.3 million at The Marq on Paterson Hill.
  • In RCR, the highest transacted price is a unit at Reflections at Keppel Bay resold for $5.7 million.
  • In OCR, the highest transacted price is a unit at Saint Patrick’s Residences resold for $3.5 million.


  1. Overall median capital gain is $190,800 in May 2021. This represents a decrease of $9,200 from April 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 May 2021

Condo Resale Median Capital Gain Loss By District May 2021
  • District 21 (Clementi / Upper Bukit Timah) posts the highest median capital gain at $377,000, followed by District 9 (Cairnhill / Orchard Rd / River Valley) at $368,888.
  • District 4 (Sentosa / Harbourfront) is the only district that posts a median capital loss at -$135,000.
  • Capital gain data only include districts with more than 10 matching transactions.
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