Condo Resale Price Rises 0.7% in October 2021 for 15 Consecutive Months; Volumes Decrease by 6.3%

09 Nov 2021
Property Data
  1. CCR, RCR and OCR prices increase by 0.4%, 0.6% and 0.9% respectively in October 2021.
       According to the SRX Price Index for Condo Resale:
Condo Resale Price Index Oct 2021
Condo Resale Price Index By Region Oct 2021
  • Month-on-month, overall prices increase by 0.7% over September 2021.
  • Year-on-year, overall prices increase by 9.0% over October 2020.
  • Year-on-year, all regions experience price increases: CCR by 8.6%, RCR by 8.3% and OCR by 9.4%.
 
  1. An estimated 1,578 units are resold in October 2021, a 6.3% decrease from the 1,684 units resold in September 2021.
Condo Resale Volume Oct 2021
  • Volumes are 9.0% higher than in October 2020, and 52.3% higher than the 5-year average volumes for the month of October.
  • Breaking down by regions, in October 2021, 60.1% of the volumes are from OCR, 21.7% from RCR and 18.3% from CCR.
 
  1. The highest transacted price for a resale unit in the month is achieved at $19.7 million at Seven Palms Sentosa Cove.
 
  • In RCR, the highest transacted price is a unit at Reflections at Keppel Bay resold for $6.4 million.
  • In OCR, the highest transacted price is a unit at Breeze By The East resold for $3.45 million.
 
  1. Overall median capital gain is $220,960 in October 2021. This represents a decrease of $12,540 from September 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 Oct 2021
Condo Resale Median Capital Gain Loss By District Oct 2021
  • District 21 (Clementi Park / Upper Bukit Timah) posts the highest median capital gain at $590,000, followed by District 10 (Tanglin / Holland) at $470,000.
  • District 4 (Harbourfront / Telok Blangah) is the only district that posts a median capital loss, at $63,280.
  • Capital gain data only include districts with more than 10 matching transactions.
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