Condo Resale Prices Rise for 25th Straight Month, Increasing by 1.2% in August 2022; Volumes Fall by 38.6% Year-on-Year

13 Sep 2022
Property Data
  1. CCR, RCR and OCR prices increase by 1.0%, 0.8% and 1.5% respectively in August 2022.
   Condo Resale Price Index Aug 2022
Condo Resale Price Index By Region Aug 2022
      According to the SRX Price Index for Condo Resale:
  • Month-on-month, overall prices increase by 1.2% over July 2022.
  • Year-on-year, overall prices increase by 10.5% over August 2021.
  • Year-on-year, all regions experience price increases: CCR by 7.6%, RCR by 10.0% and OCR by 11.5%.

 

  1. An estimated 1,135 units are resold in August 2022, a 14.5% decrease from the 1,327 units resold in July 2022.
  • Volumes are 38.6% lower than in August 2021, and 8.2% lower than the 5-year average volumes for the month of August.
  • Breaking it down by region, in August 2022, 61.7% of the volumes are from OCR, 21.4% from RCR and 16.9% from CCR.

 Condo Resale Volume Aug 2022
Condo Resale Volume Breakdown By Region Aug 2022
     3. The highest transacted price for a resale unit in the month of August is achieved at $15,150,000 at Sage. 

  • In RCR, the highest transacted price is a unit at Reflections At Keppel Bay resold for $7,650,000.
  • In OCR, the highest transacted price is a unit at Fernwood Towers resold for $3,750,000.
    4. The overall median capital gain for resale condos is $282,201 in August 2022, a decrease of $8,943 from July 2022.

 Condo Resale Median Capital Gain Loss Aug 2022
Condo Resale Median Capital Gain Loss By District Aug 2022

  • District 10 (Tanglin / Holland) posts the highest median capital gain at $619,400. District 4 (Harbourfront / Telok Blangah) posts the lowest capital gain at $116,760.
  • District 1 (Boat Quay / Raffles Place / Marina) posts a median capital loss at -$92,520.

 

  1. The overall median unlevered return for resale condos is 25.1% in August 2022.
 Condo Resale Median Unlevered and Levered Returns Aug 2022
Condo Resale Median Unlevered and Levered Returns By District Aug 2022
  • District 25 (Admiralty / Woodlands) posts the highest median unlevered return at 45.8%. District 1 (Boat Quay / Raffles Place / Marina) posts the lowest median unlevered return at -4.1%.
  • The capital gains and returns of a condo resale unit are calculated by comparing the current transacted price with the previous transacted price of the same unit. Districts with fewer than 10 matching transactions are excluded from the ranking.
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