Condo Resale Price Rise for 22nd Straight Month, Increasing by 0.3% in May 2022; Volumes Climb by 1.6%

14 Jun 2022
Property Data
  1. RCR and OCR prices increase by 0.7% and 0.5% respectively while CCR prices decrease by 1.2% in May 2022.
Condo Resale Price Index May 2022
Condo Resale Price Index By Region 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%. 
  1. 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.
Condo Resale Volume May 2022
  • 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.
 
Condo Resale Median Capital Gain Loss May 2022
Condo Resale Median Capital Gain Loss By District May 2022
  • 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.
  • District 2 (Chinatown / Tanjong Pagar) posts the lowest median capital gain at $97,000, followed by District 13 (Macpherson / Potong Pasir) at $125,000.
  • Capital gain data only include districts with more than 10 matching transactions.
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