Condo resale prices up 5.8% in Feb 2024

A $15m unit in Yong An Park was the month’s most expensive condo resold.

Condo resale prices rose 5.8% year-on-year (YoY) in February 2025, and is 0.4% higher compared to the previous month, according to data from SRX and 99.co.

All regions recorded higher resale prices. The OCR region saw the highest price increase with a 5.7% YoY rise, followed by RCR with a 5.5% YoY increase, and CCR with a 4.3% rise in resale prices.

An estimated 1,024 units were resold in February, 16.1% higher than the 882 units resold in January and 31.8% higher than in February 2024.

Resale volumes saw a strong uptick in February 2025, likely due to buyers turning to the resale market as a more affordable alternative to new private homes, said Luqman Hakim, chief data and analytics officer at 99.co.

“The immediate move-in conditions of resale units also make them an attractive option, especially for those who prefer not to wait 3 to 4 years for a newly launched project to be completed,” Hakim said.

By region, 48.2% of the volumes were in the OCR, 33.3% in the RCR, and 18.5% from CCR.

The percentage of sub-sale transactions to the total secondary sale transactions ( Resale + Sub-Sale) was 7.3% in February, lower than in January.

A $15m unit in Yong An Park is the most expensive resale unit sold in February.

In RCR, an almost $5.74m resale unit at The Interlace recorded the highest transacted price; and for OCR, it’s a unit at the Mandarin Gardens, which resold for S$4.88m.