Condo resale prices increase for 14 straight months 

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.

Infographic on condo resale market in September 2021

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, 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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