-
RCR and OCR prices increase by 0.3% and 0.3% respectively in May 2024, while CCR prices remains stagnant.
According to the SRX Price Index for Condo Resale:
-
Month-on-month, overall prices increase by 0.4% over April 2024.
-
Year-on-year, overall prices increase by 4.2% over May 2023.
-
Year-on-year, RCR and OCR experience price increases by 6.0% and 5.7% respectively, while CCR price decreases by 1.9%.
-
An estimated 1,084 units were resold in May 2024, a 5.5% decrease from the 1,146 units resold in April 2024.
-
Volumes are 7.2% higher than in May 2023, and 19.2% higher than the 5-year average volumes for the month of May.
-
Breaking it down by region, in May 2024, 51.7% of the volume were from OCR, 31.3% from RCR and 17.1% from CCR.
-
May 2024 Percentage of Sub Sale transactions to the total secondary sale transactions (i.e. Resale+Sub Sale) is 7.4%.
-
This is a 1.9 % decrease from April 2024 Percentage.
-
Sub Sale transactions refer to secondary sale transactions that happened before the project is completed.
-
The highest transacted price for a resale unit in May is achieved at $14,000,000 at St. Regis Residences Singapore.
-
In RCR, the highest transacted price is a unit at The Waterside resold for $4,960,000.
-
In OCR, the highest transacted price is a unit at Grand Duchess at St. Patrick’s resold for $5,530,000.
-
The overall median capital gain for resale condos is $361,000 in May 2024, a increase of $21,000 from April 2024.
-
District 21 (Clementi Park/Upper Bukit Timah) posts the highest median capital gain at $657,000. District 1 (Boat Quay / Raffles Place / Marina) posts the lowest median capital gain at $19,000.
-
The overall median unlevered return for resale condos is 30.6% in May 2024.
-
District 22 (Boon Lay/Jurong/Tuas) posts the highest median unlevered return at 42.3%. District 1 (Boat Quay / Raffles Place / Marina) posts the lowest median unlevered return at 1.5%.
-
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.
