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RCR and OCR prices increase by 0.7% and 0.5% respectively while CCR prices decrease by 1.2% in May 2022.
According to the SRX Price Index for Condo Resale:
- Month-on-month, overall prices increase by 0.3% over April 2022.
- Year-on-year, overall prices increase by 8.4% over May 2021.
- Year-on-year, all regions experience price increases: CCR by 6.2%, RCR by 5.4% and OCR by 10.7%.
- An estimated 1,572 units are resold in May 2022, a 1.6% increase from the 1,547 units resold in April 2022. April’s actual volumes were higher than the estimated figure last month.
- Volumes are 11.0% lower than in May 2021, and 40.2% higher than the 5-year average volumes for the month of May.
- Breaking it down by region, in May 2022, 60.2% of the volumes are from OCR, 24.7% from RCR and 15.1% from CCR.
3. The highest transacted price for a resale unit last month is achieved at $20 million at The Nassim.
- In RCR, the highest transacted price is a unit at Silversea resold for $4.85 million.
- In OCR, the highest transacted price is a unit at Clementi Park resold for $6.5 million.
4. Overall median capital gain is $280,000 in May 2022. This represents an increase of $30,000 from April 2022. 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.
transacted price of the same unit.
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District 10 (Tanglin / Holland / Bukit Timah) posts the highest median capital gain at $530,000, followed by District 9 (Orchard / River Valley) at $490,000.
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District 2 (Chinatown / Tanjong Pagar) posts the lowest median capital gain at $97,000, followed by District 13 (Macpherson / Potong Pasir) at $125,000.
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Capital gain data only include districts with more than 10 matching transactions.
