PropHerald

Private Residential Report — May 2022

← April 2022 · all reports · June 2022 →

3,105 private homes changed hands in May 2022 (+22.1% vs April 2022): 1,295 new sale, 54 sub-sale, 1,756 resale. The median resale price was S$1,361 psf. 2 projects recorded their first new-sale month, led by PICCADILLY GRAND (311 units).

At a glance

Units sold

3,105

+22.1% vs April 2022

New sale

1,295

Sub-sale

54

Resale

1,756

Median resale S$ psf

S$1,361

-0.5% vs April 2022

Median resale S$ psf, last 13 months

Resale transactions only — new-sale pricing follows launches, not the open market.

S$1,270S$1,320S$1,370Aug '21Jan '22May '22Aug '21 · S$1,323 median resale psf · 68 resale unitsSep '21 · S$1,300 median resale psf · 2,147 resale unitsOct '21 · S$1,276 median resale psf · 2,003 resale unitsNov '21 · S$1,314 median resale psf · 1,951 resale unitsDec '21 · S$1,313 median resale psf · 1,763 resale unitsJan '22 · S$1,289 median resale psf · 1,311 resale unitsFeb '22 · S$1,310 median resale psf · 1,083 resale unitsMar '22 · S$1,322 median resale psf · 1,538 resale unitsApr '22 · S$1,368 median resale psf · 1,735 resale unitsMay '22 · S$1,361 median resale psf · 1,756 resale unitsS$1,361

By region

Median S$ psf across all sale types. CCR = core central, RCR = rest of central, OCR = outside central region.

RegionUnitsMedian S$ psf
CCR449 S$2,460
RCR1,268 S$2,139
OCR1,388 S$1,277

By property type

Property typeUnitsMedian S$ psf
Apartment1,356 S$2,057
Condominium1,248 S$1,740
Executive Condominium270 S$1,144
Terrace82 S$1,769
Semi-detached78 S$1,550
Detached29 S$1,138
Strata Terrace24 S$966
Strata Semi-detached15 S$809
Strata Detached3 S$873

New launches

Projects recording their first month of new-sale transactions (20 units or more).

ProjectUnitsMedian S$ psf
PICCADILLY GRAND NORTHUMBERLAND ROAD 311S$2,176
LIV @ MB ARTHUR ROAD 225S$2,403

Top new-sale projects

ProjectUnitsMedian S$ psf
PICCADILLY GRAND NORTHUMBERLAND ROAD 311S$2,176
LIV @ MB ARTHUR ROAD 225S$2,403
NORMANTON PARK NORMANTON PARK 39S$1,891
AVENUE SOUTH RESIDENCE SILAT AVENUE 36S$2,384
THE FLORENCE RESIDENCES HOUGANG AVENUE 2 36S$1,853
THE GAZANIA HOW SUN DRIVE 27S$2,261
KI RESIDENCES AT BROOKVALE BROOKVALE DRIVE 24S$2,034
MEYER MANSION MEYER ROAD 24S$2,684
VERTICUS JALAN KEMAMAN 24S$2,231
HAUS ON HANDY HANDY ROAD 22S$2,682

By district

Median S$ psf across all sale types, ranked by units sold.

DistrictUnitsMedian S$ psf
D15443 S$2,276
D19415 S$1,270
D8348 S$2,160
D10198 S$2,580
D22165 S$1,176
D5149 S$1,709
D9129 S$2,596
D3121 S$2,317
D14112 S$1,599
D18110 S$1,170
D23110 S$1,342
D2198 S$1,950
D1697 S$1,263
D2793 S$1,180
D1271 S$1,668
D1370 S$1,993
D1169 S$1,974
D2856 S$1,204
D2053 S$1,569
D1739 S$1,070
D2539 S$888
D229 S$2,328
D429 S$1,609
D121 S$2,120
D716 S$2,328
D2616 S$1,206
D69 S$2,822

Top transactions

Single-unit deals only, so this ranks homes, not bulk purchases.

ProjectTypeSaleArea m² PriceS$ psf
LANDED HOUSING DEVELOPMENT PARK VALE DetachedResale1216 S$23,800,000S$1,818
LANDED HOUSING DEVELOPMENT JOO CHIAT ROAD DetachedResale919 S$22,000,000S$2,223
THE NASSIM NASSIM HILL CondominiumResale378 S$20,000,000S$4,916
REFLECTIONS AT KEPPEL BAY KEPPEL BAY VIEW CondominiumResale769 S$19,000,000S$2,295
OEI TIONG HAM PARK JALAN HARUM DetachedResale802 S$18,180,000S$2,106
LANDED HOUSING DEVELOPMENT KINGSMEAD ROAD DetachedResale627 S$14,735,000S$2,183
NASSIM PARK RESIDENCES NASSIM ROAD CondominiumResale327 S$13,500,000S$3,835
BOULEVARD 88 ORCHARD BOULEVARD ApartmentSub-sale257 S$13,378,000S$4,836
HILLCREST PARK GREENDALE AVENUE DetachedResale949 S$13,000,000S$1,272
THE LUMOS LEONIE HILL ApartmentResale551 S$12,500,000S$2,108