PropHerald

Private Residential Report — February 2023

← January 2023 · all reports · March 2023 →

1,531 private homes changed hands in February 2023 (+17.1% vs January 2023 · -9.0% vs February 2022): 429 new sale, 70 sub-sale, 1,032 resale. The median resale price was S$1,491 psf. 1 project recorded its first new-sale month, led by TERRA HILL (89 units).

At a glance

Units sold

1,531

+17.1% vs January 2023 · -9.0% vs February 2022

New sale

429

Sub-sale

70

Resale

1,032

Median resale S$ psf

S$1,491

+6.0% vs January 2023 · +13.8% vs February 2022

Median resale S$ psf, last 13 months

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

S$1,300S$1,400S$1,500Feb '22Aug '22Feb '23Feb '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 unitsFeb '23 · S$1,491 median resale psf · 1,032 resale unitsS$1,491

By region

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

RegionUnitsMedian S$ psf
CCR389 S$2,643
RCR476 S$1,947
OCR666 S$1,352

By property type

Property typeUnitsMedian S$ psf
Condominium676 S$1,672
Apartment593 S$2,164
Executive Condominium119 S$1,264
Terrace58 S$1,975
Semi-detached34 S$1,488
Detached28 S$1,878
Strata Terrace20 S$950
Strata Semi-detached2 S$758
Strata Detached1 S$1,462

New launches

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

ProjectUnitsMedian S$ psf
TERRA HILL YEW SIANG ROAD 89S$2,689

Top new-sale projects

ProjectUnitsMedian S$ psf
TERRA HILL YEW SIANG ROAD 89S$2,689
PULLMAN RESIDENCES NEWTON DUNEARN ROAD 28S$3,158
TENET TAMPINES STREET 62 22S$1,398
PERFECT TEN BUKIT TIMAH ROAD 20S$3,174
RIVIERE JIAK KIM STREET 17S$3,083
LEEDON GREEN LEEDON HEIGHTS 13S$2,969
ONE BERNAM BERNAM STREET 13S$2,566
PEAK RESIDENCE THOMSON ROAD 13S$2,392
HYLL ON HOLLAND HOLLAND ROAD 12S$2,860
KLIMT CAIRNHILL CAIRNHILL ROAD 12S$3,467

By district

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

DistrictUnitsMedian S$ psf
D10151 S$2,816
D19145 S$1,432
D15142 S$1,764
D5141 S$2,564
D9106 S$2,659
D1892 S$1,297
D1170 S$2,538
D367 S$2,164
D1664 S$1,380
D2364 S$1,343
D1462 S$1,538
D2757 S$1,274
D2041 S$1,815
D2139 S$1,775
D1234 S$1,577
D433 S$1,874
D1332 S$1,849
D2832 S$1,380
D2226 S$1,145
D224 S$2,428
D822 S$1,856
D1722 S$1,200
D718 S$2,738
D2615 S$1,493
D2514 S$1,153
D111 S$2,032
D246 S$1,427
D61 S$3,488

Top transactions

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

ProjectTypeSaleArea m² PriceS$ psf
CORAL ISLAND CORAL ISLAND DetachedResale1248 S$36,500,000S$2,717
LES MAISONS NASSIM NASSIM ROAD CondominiumNew sale584 S$36,000,000S$5,727
KLIMT CAIRNHILL CAIRNHILL ROAD ApartmentNew sale550 S$27,500,000S$4,645
LANDED HOUSING DEVELOPMENT ENG NEO AVENUE DetachedResale2713 S$26,500,000S$907
NASSIM PARK RESIDENCES NASSIM ROAD CondominiumResale398 S$20,500,000S$4,785
LANDED HOUSING DEVELOPMENT JALAN KAMPONG CHANTEK DetachedResale972 S$20,500,000S$1,960
SKYLINE @ ORCHARD BOULEVARD ANGULLIA PARK ApartmentResale350 S$20,234,000S$5,371
LANDED HOUSING DEVELOPMENT COVE DRIVE DetachedResale731 S$17,388,888S$2,210
LANDED HOUSING DEVELOPMENT CORONATION ROAD DetachedResale470 S$17,080,000S$3,379
LANDED HOUSING DEVELOPMENT CORONATION ROAD DetachedResale470 S$17,080,000S$3,379