PropHerald

Private Residential Report — January 2023

← December 2022 · all reports · February 2023 →

1,307 private homes changed hands in January 2023 (-18.4% vs December 2022 · -36.5% vs January 2022): 521 new sale, 48 sub-sale, 738 resale. The median resale price was S$1,407 psf. 1 project recorded its first new-sale month, led by SCENECA RESIDENCE (151 units).

At a glance

Units sold

1,307

-18.4% vs December 2022 · -36.5% vs January 2022

New sale

521

Sub-sale

48

Resale

738

Median resale S$ psf

S$1,407

-0.6% vs December 2022 · +9.2% vs January 2022

Median resale S$ psf, last 13 months

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

S$1,200S$1,350S$1,500Jan '22Jul '22Jan '23Jan '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 unitsJun '22 · S$1,398 median resale psf · 1,583 resale unitsJul '22 · S$1,394 median resale psf · 2,087 resale unitsAug '22 · S$1,394 median resale psf · 1,429 resale unitsSep '22 · S$1,415 median resale psf · 1,521 resale unitsOct '22 · S$1,380 median resale psf · 1,243 resale unitsNov '22 · S$1,429 median resale psf · 1,100 resale unitsDec '22 · S$1,416 median resale psf · 945 resale unitsJan '23 · S$1,407 median resale psf · 738 resale unitsS$1,407

By region

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

RegionUnitsMedian S$ psf
CCR262 S$2,711
RCR244 S$1,801
OCR801 S$1,391

By property type

Property typeUnitsMedian S$ psf
Apartment494 S$2,068
Condominium483 S$1,597
Executive Condominium231 S$1,373
Terrace48 S$1,890
Semi-detached26 S$1,798
Detached16 S$1,216
Strata Terrace7 S$1,132
Strata Semi-detached2 S$977

New launches

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

ProjectUnitsMedian S$ psf
SCENECA RESIDENCE TANAH MERAH KECHIL LINK 151S$2,084

Top new-sale projects

ProjectUnitsMedian S$ psf
SCENECA RESIDENCE TANAH MERAH KECHIL LINK 151S$2,084
TENET TAMPINES STREET 62 135S$1,388
LEEDON GREEN LEEDON HEIGHTS 18S$2,957
ONE HOLLAND VILLAGE RESIDENCES HOLLAND VILLAGE WAY 16S$2,791
KLIMT CAIRNHILL CAIRNHILL ROAD 14S$3,755
PARC CLEMATIS JALAN LEMPENG 14S$1,801
RIVIERE JIAK KIM STREET 12S$3,089
HAUS ON HANDY HANDY ROAD 11S$2,746
PERFECT TEN BUKIT TIMAH ROAD 11S$3,168
THE LANDMARK CHIN SWEE ROAD 10S$2,555

By district

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

DistrictUnitsMedian S$ psf
D16239 S$2,062
D18175 S$1,381
D10131 S$2,778
D19112 S$1,371
D1568 S$1,721
D966 S$2,721
D2351 S$1,208
D2748 S$1,248
D346 S$2,502
D1445 S$1,542
D539 S$1,748
D2832 S$1,360
D1131 S$2,363
D2128 S$1,553
D2027 S$1,600
D423 S$1,939
D1321 S$1,693
D1218 S$1,600
D2217 S$1,216
D1716 S$1,163
D2516 S$990
D714 S$2,920
D813 S$1,614
D19 S$2,143
D28 S$2,271
D248 S$1,408
D264 S$1,192
D62 S$3,295

Top transactions

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

ProjectTypeSaleArea m² PriceS$ psf
LANDED HOUSING DEVELOPMENT WILKINSON ROAD DetachedResale2386 S$55,500,000S$2,161
LANDED HOUSING DEVELOPMENT WILKINSON ROAD DetachedResale2386 S$55,500,000S$2,161
DALVEY HAUS DALVEY ROAD CondominiumNew sale433 S$16,280,000S$3,493
BOULEVARD VUE CUSCADEN WALK CondominiumResale411 S$15,500,000S$3,504
KIM LIN PARK JALAN ARNAP DetachedResale452 S$15,050,000S$3,092
MIDTOWN MODERN TAN QUEE LAN STREET ApartmentNew sale304 S$14,000,000S$4,278
LANDED HOUSING DEVELOPMENT LUTHERAN ROAD DetachedResale492 S$12,800,000S$2,418
LANDED HOUSING DEVELOPMENT PADANG CHANCERY Semi-detachedResale497 S$12,600,000S$2,357
ORCHID VILLAGE VANDA CRESCENT Semi-detachedNew sale330 S$12,000,000S$3,375
LANDED HOUSING DEVELOPMENT LIM AH PIN ROAD DetachedResale955 S$11,100,000S$1,080