Condo resale prices in Singapore saw a notable increase in July 2025, with the Rest of Central Region (RCR) and Outside Central Region (OCR) experiencing price hikes of 2.1% and 0.1%, respectively, according to the latest 99-SRX Media Flash Report. However, the Core Central Region (CCR) faced a 2.1% decline in prices. Overall, resale prices rose by 0.7% month-on-month and 5.3% year-on-year.
The report highlighted a significant 15.1% rise in resale volumes from June, with 1,076 units resold in July. This surge is attributed to buyers acting swiftly as Singapore Overnight Rate Average (SORA) rates fell below Housing Development Board (HDB) interest rates. Despite this increase, sales volumes were 5.6% lower compared to July 2024, a period marked by heightened activity due to pent-up demand.
In terms of regional distribution, 50.5% of transactions occurred in the OCR, 32.6% in the RCR, and 16.9% in the CCR. The highest resale price was recorded at Boulevard 88, with a unit selling for $9,500,000 (S$13,000,000). Meanwhile, the RCR’s top transaction was $6,150,000 (S$8,400,000) at The Sovereign, and the OCR’s highest was $3,000,000 (S$4,100,000) at Ocean Park.
The overall median capital gain for resale condos was $270,000 (S$371,000), slightly down from June. District 11 posted the highest median capital gain at $560,000 (S$767,000), whilst District 1 recorded a loss of $36,500 (S$50,000). The median unlevered return stood at 31%, with District 20 achieving the highest at 46%.
Luqman Hakim, Chief Data & Analytics Officer at 99.co, noted that whilst luxury-heavy districts and Central Business District properties saw softer returns, family-friendly areas driven by upgraders showed more robust performance.
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