PropHerald

Private Residential Report — March 2023

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2,074 private homes changed hands in March 2023 (+35.5% vs February 2023 · -9.6% vs March 2022): 473 new sale, 116 sub-sale, 1,485 resale. The median resale price was S$1,509 psf. 1 project recorded its first new-sale month, led by THE BOTANY AT DAIRY FARM (175 units).

At a glance

Units sold

2,074

+35.5% vs February 2023 · -9.6% vs March 2022

New sale

473

Sub-sale

116

Resale

1,485

Median resale S$ psf

S$1,509

+1.2% vs February 2023 · +14.1% vs March 2022

Median resale S$ psf, last 13 months

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

S$1,300S$1,450S$1,600Mar '22Sep '22Mar '23Mar '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 unitsMar '23 · S$1,509 median resale psf · 1,485 resale unitsS$1,509

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$2,519
RCR471 S$1,809
OCR1,154 S$1,431

By property type

Property typeUnitsMedian S$ psf
Condominium1,108 S$1,766
Apartment589 S$1,793
Executive Condominium183 S$1,260
Terrace91 S$1,949
Semi-detached41 S$1,555
Detached41 S$1,824
Strata Terrace15 S$902
Strata Detached3 S$784
Strata Semi-detached3 S$720

New launches

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

ProjectUnitsMedian S$ psf
THE BOTANY AT DAIRY FARM DAIRY FARM WALK 175S$2,071

Top new-sale projects

ProjectUnitsMedian S$ psf
THE BOTANY AT DAIRY FARM DAIRY FARM WALK 175S$2,071
LEEDON GREEN LEEDON HEIGHTS 21S$2,942
THE LANDMARK CHIN SWEE ROAD 18S$2,626
PULLMAN RESIDENCES NEWTON DUNEARN ROAD 17S$3,295
HYLL ON HOLLAND HOLLAND ROAD 15S$2,879
PEAK RESIDENCE THOMSON ROAD 12S$2,437
HAUS ON HANDY HANDY ROAD 11S$2,731
IRWELL HILL RESIDENCES IRWELL HILL 9S$2,976
KLIMT CAIRNHILL CAIRNHILL ROAD 9S$3,648
KOPAR AT NEWTON MAKEWAY AVENUE 9S$2,469

By district

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

DistrictUnitsMedian S$ psf
D23277 S$2,007
D19257 S$1,445
D10180 S$2,673
D18120 S$1,305
D15115 S$1,772
D9108 S$2,631
D2799 S$1,264
D1495 S$1,699
D1186 S$2,396
D383 S$2,181
D580 S$1,571
D1680 S$1,336
D2061 S$1,747
D2157 S$1,707
D2848 S$1,349
D445 S$2,120
D1240 S$1,637
D1339 S$1,809
D2239 S$1,278
D727 S$2,843
D226 S$2,269
D826 S$1,802
D1723 S$1,070
D122 S$1,921
D2519 S$1,045
D2619 S$1,366
D243 S$1,481

Top transactions

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

ProjectTypeSaleArea m² PriceS$ psf
BINJAI PARK BINJAI PARK DetachedResale1441 S$28,300,000S$1,824
LANDED HOUSING DEVELOPMENT SIXTH AVENUE DetachedResale1184 S$26,000,000S$2,039
LANDED HOUSING DEVELOPMENT SIXTH AVENUE DetachedResale1184 S$26,000,000S$2,039
LANDED HOUSING DEVELOPMENT SIXTH AVENUE DetachedResale1184 S$26,000,000S$2,039
WOOLLERTON PARK WOOLLERTON PARK DetachedResale803 S$24,400,000S$2,822
NASSIM PARK RESIDENCES NASSIM ROAD CondominiumResale448 S$22,000,000S$4,562
ORCHID VILLAGE VANDA CRESCENT DetachedResale879 S$21,000,000S$2,219
BRADDELL HEIGHTS ESTATE SERANGOON AVENUE 3 DetachedResale1459 S$19,000,000S$1,210
LANDED HOUSING DEVELOPMENT LAKESHORE VIEW DetachedResale814 S$18,500,000S$2,111
LANDED HOUSING DEVELOPMENT OCEAN DRIVE DetachedResale704 S$18,500,000S$2,442