Condo resale prices and sales volumes in Singapore experienced a slight increase in April 2025, according to the latest report from 99.co and SRX. The report indicates that prices rose by 1.9% month-on-month and 5.9% year-on-year, with 1,178 units resold, marking a 0.1% increase from March. This uptick is attributed to a quieter new launch calendar, which directed buyers towards the resale market.
The report highlights that the Core Central Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR) saw price increases of 1.3%, 2.4%, and 1.3% respectively. Despite the marginal rise in sales, volumes remained 3.5% lower than April 2024 but were 10.7% above the five-year average for the month. Luqman Hakim, Chief Data & Analytics Officer at 99.co, noted that the stability in resale activity reflects sustained buyer interest despite external economic uncertainties, such as new US tariffs.
The highest resale price in April was recorded at St Hilltops for $9,500,000 (S$13,000,000), whilst the RCR and OCR saw top transactions at Reflections at Amber Residences and Breeze by the East, respectively. The overall median capital gain for resale condos increased by $33,600 (S$46,000) from March, reaching $293,000 (S$401,000). District 15 posted the highest median capital gain, whereas District 1 recorded the lowest.
Looking ahead, the report suggests that the condo resale market may continue to attract buyers seeking ready-to-move-in properties, especially if new project launches remain limited.
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