- Total of 9,353 transactions recorded in April 2024 (+1.1% MoM).
- Median sale price per square foot: $1,738, down 9.3% from last month.
- Median monthly rent: $4,400 (+2.3% MoM).
- Most active district: District 19 (Serangoon Garden, Hougang, Punggol) with 277 sales.
- Highest gross yield: 3.04% in the OCR segment.
Based on URA REALIS data, the Singapore private residential market recorded 9,353 total transactions in April 2024, up 1.1% from the previous month. Sales volume stood at 2,143 units with a median price of $1,738 per square foot, while the rental market saw 7,210 leases at a median rent of $4,400/month. For an overview of the buying process, see our Punggol Digital District Guide — How a Tech Hub Changes Property Values.
Highest-Value Transactions
The top 5 transactions by total price in April 2024:
| Project | District | Price | PSF | Size (sqft) | Type |
|---|---|---|---|---|---|
| SIN MING CENTRE | D20 | $49,000,000 | $3,177 | 15,425 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $36,018,888 | $1,875 | 19,207 | Resale |
| LANDED HOUSING DEVELOPMENT | D15 | $28,999,999 | $2,198 | 13,191 | Resale |
| LANDED HOUSING DEVELOPMENT | D15 | $28,999,999 | $2,198 | 13,191 | Resale |
| WATTEN ESTATE | D11 | $25,000,000 | $1,503 | 16,632 | Resale |
Key Figures at a Glance
Sales Market Deep Dive
The private residential sales market recorded 2,143 transactions in April 2024, representing a decrease of 2.7% month-on-month and down 0.7% year-on-year. The median price per square foot was $1,738 (down 9.3% MoM), while the median transaction price stood at $1,758,000.
Transaction Mix: Resale: 1,649 (76.9%) · Sub Sale: 158 (7.4%) · New Sale: 336 (15.7%)
Segment Performance: CCR, RCR & OCR
Performance across Singapore's three market segments shows differentiated pricing and demand patterns.
| Segment | Sales Vol. | Median PSF | Rentals | Median Rent | Gross Yield |
|---|---|---|---|---|---|
| CCR (Core Central Region) | 327 | $2,129 | 2,263 | $5,600 | 2.39% |
| RCR (Rest of Central Region) | 634 | $1,979 | 2,299 | $4,500 | 2.72% |
| OCR (Outside Central Region) | 1,182 | $1,500 | 2,648 | $3,800 | 3.04% |
For a deeper comparison, see Global Property Yield Comparison — Where Singapore Stands.
Top Districts by Activity
The most active districts by sales volume in April 2024:
| District | Area | Segment | Transactions | Median PSF |
|---|---|---|---|---|
| District 19 (Serangoon Garden, Hougang, Punggol) | Serangoon Garden, Hougang, Punggol | OCR | 277 | $1,555 |
| District 23 (Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang) | Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang | OCR | 202 | $1,539 |
| District 15 (Katong, Joo Chiat, Amber Road) | Katong, Joo Chiat, Amber Road | RCR | 168 | $1,833 |
| District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) | Pasir Panjang, Hong Leong Garden, Clementi New Town | RCR | 154 | $2,060 |
| District 18 (Tampines, Pasir Ris) | Tampines, Pasir Ris | OCR | 129 | $1,425 |
Notable Transactions
The highest-value transactions by price per square foot in April 2024:
| Project | District | PSF | Price | Size (sqft) | Type |
|---|---|---|---|---|---|
| ARDMORE PARK | D10 | $4,333 | $12,500,000 | 2,885 | Resale |
| EMERALD HILL CONSERVATION AREA | D9 | $4,266 | $8,500,000 | 1,992 | Resale |
| THE MARQ ON PATERSON HILL | D9 | $4,253 | $13,000,000 | 3,057 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $3,755 | $10,888,888 | 2,900 | Resale |
| 19 NASSIM | D10 | $3,640 | $5,368,000 | 1,475 | New Sale |
| KIM LIN PARK | D10 | $3,599 | $8,200,000 | 2,279 | Resale |
| LANDED HOUSING DEVELOPMENT | D15 | $3,555 | $4,600,000 | 1,294 | Resale |
| LANDED HOUSING DEVELOPMENT | D15 | $3,555 | $4,600,000 | 1,294 | Resale |
| MIDTOWN BAY | D7 | $3,506 | $2,566,080 | 732 | New Sale |
| MIDTOWN BAY | D7 | $3,495 | $2,633,400 | 753 | New Sale |
Rental Market Snapshot
The rental market recorded 7,210 leases in April 2024, up 2.3% month-on-month. The median monthly rent was $4,400 (up 2.3% MoM).
Median Rent by Bedroom Type:
| Type | Median Rent |
|---|---|
| 1BR | $3,300 |
| 2BR | $4,100 |
| 3BR | $5,300 |
| 4BR | $8,300 |
| 5BR | $10,300 |
| NA | $4,865 |
Most Active Rental Projects:
| Project | Leases |
|---|---|
| NON-LANDED HOUSING DEVELOPMENT | 139 |
| LANDED HOUSING DEVELOPMENT | 129 |
| TREASURE AT TAMPINES | 83 |
| NORMANTON PARK | 70 |
| PARC CLEMATIS | 55 |
Planning to rent? Check out our How to Project Rental Property Cash Flow.
6-Month Price Trends
Tracking median PSF and rent over the past six months reveals the underlying trend beyond monthly noise.
| Month | Median PSF | Median Rent |
|---|---|---|
| 2023-11 | $1,972 | $4,500 |
| 2023-12 | $1,647 | $4,500 |
| 2024-01 | $1,585 | $4,450 |
| 2024-02 | $1,715 | $4,400 |
| 2024-03 | $1,916 | $4,300 |
| 2024-04 | $1,738 | $4,400 |
Market volatility assessment: Volatile (based on 6-month coefficient of variation of median PSF).
Supply & Demand Signals
Primary vs Secondary Market: New launches accounted for 336 units (15.7% of total), while resales made up 1,649 transactions and 158 sub-sales were recorded.
Unit Size Demand: 5BR+: 271 (12.6%) · 4BR: 291 (13.6%) · 3BR: 729 (34%) · 2BR: 452 (21.1%) · 1BR: 267 (12.5%) · Studio: 133 (6.2%)
Price Distribution: $500K-1M: 227 · $1M-1.5M: 570 · $1.5M-2M: 489 · $2M-3M: 463 · $3M+: 394
Explore our latest Condos with Best Views in District 11 (Watten Estate, Novena, Thomson) for featured developments.
Outlook & What to Watch
Throughout 2024, Singapore's private residential market showed remarkable resilience with stable pricing and healthy transaction volumes despite elevated interest rates.
Key takeaways for April 2024:
- Prices have softened with median PSF falling 9.3% month-on-month.
- Rents are holding firm with median rent up 2.3% MoM.
- The resale market remained the primary source of transactions, indicating steady demand for existing stock.
- The CCR-to-OCR price premium stands at approximately 42%, near historical averages.
Useful resources: How to Use the End-to-End Investment Calculator · Lease Decay: How 99-Year Leasehold Values Decline
Bedroom Type Analysis
Prices and rents broken down by unit type help buyers identify value across different bedroom configurations.
| Bedroom | Median Sale Price | Median Rent | Est. Gross Yield |
|---|---|---|---|
| 0 | $800,000 | -- | -- |
| 1 | $1,163,000 | -- | -- |
| 1BR | -- | $3,300/mo | -- |
| 2 | $1,516,500 | -- | -- |
| 2BR | -- | $4,100/mo | -- |
| 3 | $1,780,000 | -- | -- |
| 3BR | -- | $5,300/mo | -- |
| 4 | $2,808,000 | -- | -- |
| 4BR | -- | $8,300/mo | -- |
| 5 | $4,750,000 | -- | -- |
| 5BR | -- | $10,300/mo | -- |
| NA | -- | $4,865/mo | -- |
Yields are gross estimates: (monthly rent × 12) / median sale price. Actual net yields vary with maintenance, taxes, and vacancy.
Useful Resources
- How to Use the End-to-End Investment Calculator
- How to Compare Mortgage Loan Packages
- How to Check TDSR and MSR Affordability
- Punggol Digital District Guide — How a Tech Hub Changes Property Values
- When Is the Right Time to Buy a Condo in Singapore?
- HDB to Condo: The Complete Upgrader's Roadmap
- BSD Explained: Buyer's Stamp Duty Rates in Singapore
- Property Expense Ratio: Rental Costs and Deductions
- Moving Averages: Reading Property Price Trends
Official Sources: URA · URA REALIS · MAS · SORA Rates · BSD Rates · ABSD Rates · CPF Housing
Methodology & Sources
This report is compiled from transaction data published by the Urban Redevelopment Authority (URA) via the REALIS system. Median values are used throughout to minimise the impact of outliers from exceptionally high or low transactions. Month-on-month (MoM) and year-on-year (YoY) changes compare like-for-like periods.
Gross rental yield is calculated as (median monthly rent × 12) / median transaction price. Market segment classifications follow URA definitions: CCR (Core Central Region), RCR (Rest of Central Region), and OCR (Outside Central Region). Interest rate references use the Singapore Overnight Rate Average (SORA) published by MAS. Stamp duty rates reference IRAS BSD and ABSD schedules.
Data coverage: 822 condos with sales data and 1615 with rental data out of 3429 tracked properties for April 2024.