Condo resale prices have risen for the fourteenth consecutive month, increasing by 1.0% in September 2021.
According to our flash report on the condo resale market in September 2021, prices have increased by 1.1% for units in the CCR, 1.7% in the RCR and 0.6% in the OCR.
Year-on-year, prices have increased by 8.9%, with a rise of 9.1% in the CCR, 8.6% in the RCR and 9.0% in the OCR.
On the other hand, there’s a 3.8% dip in resale volume. Approximately 1,736 units were resold in September, lower than the 1,805 units resold in the previous month.
The highest condo resale transaction in the month was for a unit in Le Nouvel Ardmore for S$26.3 million. According to our data on Researcher, the unit spans 5,361 sq ft, translating to S$4,905.8 psf.
In general, the overall median capital gain for the month was S$233,500, which was an increase of S$40,500 as compared to August.
Districts with the highest median capital gain were District 10, District 11 and District 9. Districts with the lowest median capital gain were District 4, District 17 and District 13.
What do you think of the resale condo prices increasing for 14 straight months? Let us know in the comments section below or on our Facebook post.
If you found this article helpful, 99.co recommends Singapore’s Buyers’ and Sellers’ Stamp Duty: What you should know and URA awards two GLS sites at Slim Barracks Rise.
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About Virginia Tanggono
Virginia covers the property news in Singapore, from record sales to profile stories on home ownership. In her free time, she occasionally searches for spoilers of movies and TV shows.
Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
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