PropHerald

Private Residential Report — May 2023

← April 2023 · all reports · June 2023 →

2,526 private homes changed hands in May 2023 (+17.3% vs April 2023 · -18.6% vs May 2022): 1,000 new sale, 107 sub-sale, 1,419 resale. The median resale price was S$1,482 psf. 2 projects recorded their first new-sale month, led by THE RESERVE RESIDENCES (513 units).

At a glance

Units sold

2,526

+17.3% vs April 2023 · -18.6% vs May 2022

New sale

1,000

Sub-sale

107

Resale

1,419

Median resale S$ psf

S$1,482

+0.5% vs April 2023 · +8.9% vs May 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$1,600May '22Nov '22May '23May '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 unitsApr '23 · S$1,474 median resale psf · 1,190 resale unitsMay '23 · S$1,482 median resale psf · 1,419 resale unitsS$1,482

By region

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

RegionUnitsMedian S$ psf
CCR364 S$2,541
RCR1,210 S$2,412
OCR952 S$1,348

By property type

Property typeUnitsMedian S$ psf
Apartment1,297 S$2,434
Condominium800 S$1,665
Executive Condominium282 S$1,284
Terrace62 S$1,796
Semi-detached38 S$1,554
Detached24 S$1,685
Strata Terrace19 S$889
Strata Semi-detached3 S$1,110
Strata Detached1 S$897

New launches

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

ProjectUnitsMedian S$ psf
THE RESERVE RESIDENCES JALAN ANAK BUKIT 513S$2,460
THE CONTINUUM THIAM SIEW AVENUE 205S$2,720

Top new-sale projects

ProjectUnitsMedian S$ psf
THE RESERVE RESIDENCES JALAN ANAK BUKIT 513S$2,460
THE CONTINUUM THIAM SIEW AVENUE 205S$2,720
THE ATELIER MAKEWAY AVENUE 21S$2,697
THE LANDMARK CHIN SWEE ROAD 19S$2,637
PICCADILLY GRAND NORTHUMBERLAND ROAD 17S$2,089
THE BOTANY AT DAIRY FARM DAIRY FARM WALK 16S$2,125
TEMBUSU GRAND JALAN TEMBUSU 15S$2,436
NORTH GAIA YISHUN CLOSE 14S$1,269
LEEDON GREEN LEEDON HEIGHTS 13S$2,926
ONE HOLLAND VILLAGE RESIDENCES HOLLAND VILLAGE WAY 13S$2,886

By district

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

DistrictUnitsMedian S$ psf
D21560 S$2,448
D15359 S$2,636
D19208 S$1,429
D23185 S$1,363
D10146 S$2,664
D18104 S$1,303
D997 S$2,608
D2786 S$1,259
D574 S$1,685
D1169 S$2,355
D1466 S$1,546
D1666 S$1,454
D357 S$2,242
D1357 S$1,899
D2050 S$1,764
D2849 S$1,327
D1243 S$1,655
D842 S$1,971
D2240 S$1,299
D2535 S$1,026
D1732 S$1,193
D428 S$1,854
D728 S$2,660
D221 S$1,924
D112 S$1,943
D2611 S$1,826
D61 S$3,551

Top transactions

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

ProjectTypeSaleArea m² PriceS$ psf
LES MAISONS NASSIM NASSIM ROAD CondominiumNew sale802 S$45,000,000S$5,213
CAPITOL PARK CHEE HOON AVENUE DetachedResale1523 S$42,000,000S$2,562
LANDED HOUSING DEVELOPMENT COVE WAY DetachedResale819 S$20,000,000S$2,268
BRADDELL HEIGHTS ESTATE SERANGOON AVENUE 3 DetachedResale1261 S$19,700,000S$1,451
MARINA ONE RESIDENCES MARINA WAY ApartmentResale808 S$18,800,000S$2,162
LANDED HOUSING DEVELOPMENT RAMSGATE ROAD DetachedResale652 S$15,800,000S$2,252
LANDED HOUSING DEVELOPMENT BRANKSOME ROAD DetachedResale622 S$15,000,000S$2,241
LANDED HOUSING DEVELOPMENT BRANKSOME ROAD DetachedResale622 S$15,000,000S$2,241
YONG AN PARK RIVER VALLEY ROAD CondominiumResale717 S$14,080,000S$1,824
HUA GUAN GARDENS HUA GUAN AVENUE Semi-detachedResale475 S$13,800,000S$2,700