PropHerald

Private Residential Report — August 2023

← July 2023 · all reports · September 2023 →

2,039 private homes changed hands in August 2023 (-26.3% vs July 2023 · +4.4% vs August 2022): 597 new sale, 141 sub-sale, 1,301 resale. The median resale price was S$1,493 psf. 4 projects recorded their first new-sale month, led by ALTURA (205 units).

At a glance

Units sold

2,039

-26.3% vs July 2023 · +4.4% vs August 2022

New sale

597

Sub-sale

141

Resale

1,301

Median resale S$ psf

S$1,493

-1.5% vs July 2023 · +7.1% vs August 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$1,600Aug '22Feb '23Aug '23Aug '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 unitsJun '23 · S$1,496 median resale psf · 1,167 resale unitsJul '23 · S$1,515 median resale psf · 1,239 resale unitsAug '23 · S$1,493 median resale psf · 1,301 resale unitsS$1,493

By region

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

RegionUnitsMedian S$ psf
CCR280 S$2,283
RCR479 S$1,913
OCR1,280 S$1,464

By property type

Property typeUnitsMedian S$ psf
Condominium716 S$1,604
Apartment707 S$1,986
Executive Condominium445 S$1,394
Terrace93 S$1,960
Semi-detached43 S$1,785
Detached19 S$1,551
Strata Terrace10 S$1,020
Strata Semi-detached5 S$980
Strata Detached1 S$1,303

New launches

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

ProjectUnitsMedian S$ psf
ALTURA BUKIT BATOK WEST AVENUE 8 205S$1,481
THE LAKEGARDEN RESIDENCES YUAN CHING ROAD 67S$2,101
THE ARDEN PHOENIX ROAD 24S$1,776
ORCHARD SOPHIA SOPHIA ROAD 21S$2,822

Top new-sale projects

ProjectUnitsMedian S$ psf
ALTURA BUKIT BATOK WEST AVENUE 8 205S$1,481
THE LAKEGARDEN RESIDENCES YUAN CHING ROAD 67S$2,101
LENTOR HILLS RESIDENCES LENTOR HILLS ROAD 45S$2,087
NORTH GAIA YISHUN CLOSE 28S$1,316
GRAND DUNMAN DUNMAN ROAD 26S$2,558
THE ARDEN PHOENIX ROAD 24S$1,776
ONE PEARL BANK PEARL BANK 21S$2,851
ORCHARD SOPHIA SOPHIA ROAD 21S$2,822
THE MYST UPPER BUKIT TIMAH ROAD 20S$2,095
LIV @ MB ARTHUR ROAD 11S$2,458

By district

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

DistrictUnitsMedian S$ psf
D23355 S$1,481
D19233 S$1,456
D15148 S$2,119
D27129 S$1,276
D18119 S$1,394
D10105 S$2,284
D2299 S$2,050
D380 S$2,266
D1469 S$1,510
D567 S$1,700
D967 S$2,687
D2062 S$1,655
D1661 S$1,483
D1158 S$2,001
D2657 S$2,080
D2151 S$1,770
D2843 S$1,370
D1336 S$1,905
D233 S$2,385
D1733 S$1,121
D1232 S$1,548
D431 S$1,810
D2526 S$1,113
D721 S$2,750
D818 S$1,782
D14 S$1,883
D61 S$3,091
D241 S$1,478

Top transactions

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

ProjectTypeSaleArea m² PriceS$ psf
RAFFLES PARK ASH GROVE DetachedResale1028 S$25,300,000S$2,285
CALDECOTT HILL ESTATE ANDREW ROAD DetachedResale1030 S$22,000,000S$1,985
LANDED HOUSING DEVELOPMENT LYNWOOD GROVE DetachedResale1326 S$20,300,000S$1,422
BAN GUAN PARK GREENLEAF AVENUE Semi-detachedResale368 S$13,054,800S$3,300
CLEMENTI PARK SUNSET CRESCENT DetachedResale549 S$12,380,000S$2,095
LANDED HOUSING DEVELOPMENT SIMON PLACE DetachedResale927 S$11,538,000S$1,156
LANDED HOUSING DEVELOPMENT SIMON PLACE DetachedResale927 S$11,538,000S$1,156
LANDED HOUSING DEVELOPMENT SIMON PLACE DetachedResale927 S$11,538,000S$1,156
HOLLAND GARDENS MOONBEAM DRIVE Semi-detachedResale364 S$11,230,000S$2,862
3 ORCHARD BY-THE-PARK ORCHARD BOULEVARD CondominiumResale263 S$11,000,000S$3,886