, Singapore

Condo resale prices up 2.3% in January

RCR condo resale prices led the increase as it grew 2.6%.

Condo resale prices rose 2.3% YoY and 0.5% MoM in January, lifted by price increases in the Rest of Central Region (RCR) and Outside Central Region (OCR), according to SRX.

Resale prices in the RCR went up 2.6% YoY and 1.5% MoM, whilst OCR grew 2.3% YoY and 0.5% MoM. Meanwhile, condo resale prices in the Core Central Region (CCR) dipped 0.8% YoY but inched up 1.7% YoY.

As for its volume, around 684 units were resold in January, showing a 4% rise compared to 658 units in December 2019. This figure is also 15.9% YoY and 13.4% higher the 5-year average volume.

Breaking down by regions, 51.9% of it comes from OCR, 24.7% comes from RCR and 23.5% comes from CCR.

SRX noted that the highest transacted price for a resale unit in January was for Le Nouvel Ardmore at $18.2m. In the RCR, Camelot By-The-Water was the priciest resale deal for $6.6m, whilst the OCR had a Waterfront Key unit resold for $3.2m

Overall transaction over X-value is negative $2,500 in January 2020, posting a $500 slip compared to December 2019.

District 13 (MacPherson/Potong Pasir) posted the highest median T-O-X at positive $28,000, followed by District 25 (Admiralty/Woodlands) at positive $24,000. In contrast, District 15 (East Coast/Marine Parade) posted the lowest median T-O-X at negative $30,000, followed by District 4 (Sentosa/Harbourfront) at negative $29,700.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!