Condo Resale Price Rises 1.0% in September 2021 for 14 Consecutive Months; Volumes Decrease by 3.8%

12 Oct 2021
Property Data
  1. CCR, RCR and OCR prices increase by 1.1%, 1.7% and 0.6% respectively in September 2021.
According to the SRX Price Index for Condo Resale:
Condo Resale Price Index Sep 2021
Condo Resale Price Index By Region Sep 2021
  • Month-on-month, overall prices increase by 1.0% over August 2021.
  • Year-on-year, overall prices increase by 8.9% over September 2020.
  • Year-on-year, all regions experience price increases: CCR by 9.1%, RCR by 8.6% and OCR by 9.0%.
  1. An estimated 1,736 units are resold in September 2021, a 3.8% decrease from the 1,805 units resold in August 2021.
Condo Resale Volume Sep 2021
  • Volumes are 35.9% higher than in September 2020, and 84.1% higher than the 5-year average volumes for the month of September.
  • Breaking down by regions, in September 2021, 60.3% of the volumes are from OCR, 23.5% from RCR and 16.2% from CCR.
  1. The highest transacted price for a resale unit in the month is achieved at $26.3 million at Le Nouvel Ardmore.
  • In RCR, the highest transacted price is a unit at Reflections at Keppel Bay resold for $7.5 million.
  • In OCR, the highest transacted price is a unit at Mandarin Gardens resold for $4.1 million.


  1. Overall median capital gain is $233,500 in September 2021. This represents an increase of $40,500 from August 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 Sep 2021
Condo Resale Median Capital Gain Loss By District Sep 2021
  • District 10 (Tanglin / Holland / Bukit Timah) posts the highest median capital gain at $555,000, followed by District 11 (Newton / Novena) at $468,000.
  • District 4 (Sentosa / Harbourfront) posts the lowest median capital gain at $30,000, followed by District 17 (Changi Airport / Changi Village) at $76,436.
  • Capital gain data only include districts with more than 10 matching transactions.
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