- Total of 9,397 transactions recorded in June 2022 (+0.8% MoM).
- Median sale price per square foot: $1,571, down 12.3% from last month.
- Median monthly rent: $3,700 (+5.7% MoM).
- Most active district: District 19 (Serangoon Garden, Hougang, Punggol) with 335 sales.
- Highest gross yield: 2.89% in the OCR segment.
Based on URA REALIS data, the Singapore private residential market recorded 9,397 total transactions in June 2022, up 0.8% from the previous month. Sales volume stood at 2,114 units with a median price of $1,571 per square foot, while the rental market saw 7,283 leases at a median rent of $3,700/month. For an overview of the buying process, see our CPF Nomination for Property Owners — Why Your Will Isn't Enough.
Highest-Value Transactions
The top 5 transactions by total price in June 2022:
| Project | District | Price | PSF | Size (sqft) | Type |
|---|---|---|---|---|---|
| CALDECOTT HILL ESTATE | D11 | $33,000,000 | $1,225 | 26,933 | Resale |
| SWISS CLUB PARK | D11 | $26,300,000 | $1,355 | 19,406 | Resale |
| LANDED HOUSING DEVELOPMENT | D15 | $24,400,000 | $1,902 | 12,832 | Resale |
| LANDED HOUSING DEVELOPMENT | D15 | $23,000,000 | $1,448 | 15,883 | Resale |
| LANDED HOUSING DEVELOPMENT | D15 | $23,000,000 | $1,448 | 15,883 | Resale |
Key Figures at a Glance
Sales Market Deep Dive
The private residential sales market recorded 2,114 transactions in June 2022, representing a decrease of 29.3% month-on-month and down 19.9% year-on-year. The median price per square foot was $1,571 (down 12.3% MoM), while the median transaction price stood at $1,630,000.
Transaction Mix: Resale: 1,574 (74.5%) · Sub Sale: 73 (3.5%) · New Sale: 467 (22.1%)
Segment Performance: CCR, RCR & OCR
Performance across Singapore's three market segments shows differentiated pricing and demand patterns. See our CCR, RCR, OCR: Singapore's Market Segments for segment definitions.
| Segment | Sales Vol. | Median PSF | Rentals | Median Rent | Gross Yield |
|---|---|---|---|---|---|
| CCR (Core Central Region) | 426 | $2,462 | 2,069 | $5,000 | 2.37% |
| RCR (Rest of Central Region) | 649 | $1,806 | 2,401 | $3,650 | 2.29% |
| OCR (Outside Central Region) | 1,039 | $1,236 | 2,813 | $3,200 | 2.89% |
For a deeper comparison, see Top PSF Districts vs Top Yield Districts.
Top Districts by Activity
The most active districts by sales volume in June 2022:
| District | Area | Segment | Transactions | Median PSF |
|---|---|---|---|---|
| District 19 (Serangoon Garden, Hougang, Punggol) | Serangoon Garden, Hougang, Punggol | OCR | 335 | $1,239 |
| District 15 (Katong, Joo Chiat, Amber Road) | Katong, Joo Chiat, Amber Road | RCR | 202 | $1,751 |
| District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin) | Ardmore, Bukit Timah, Holland Road, Tanglin | CCR | 185 | $2,570 |
| District 9 (Orchard, Cairnhill, River Valley) | Orchard, Cairnhill, River Valley | CCR | 124 | $2,583 |
| District 3 (Queenstown, Tiong Bahru) | Queenstown, Tiong Bahru | RCR | 118 | $2,167 |
Notable Transactions
The highest-value transactions by price per square foot in June 2022:
| Project | District | PSF | Price | Size (sqft) | Type |
|---|---|---|---|---|---|
| PARK NOVA | D10 | $4,664 | $13,504,000 | 2,895 | New Sale |
| CANNINGHILL PIERS | D6 | $4,419 | $17,550,000 | 3,972 | New Sale |
| THE NASSIM | D10 | $4,412 | $8,500,000 | 1,927 | Resale |
| NASSIM PARK RESIDENCES | D10 | $4,059 | $12,888,000 | 3,175 | Resale |
| SCOTTS SQUARE | D9 | $3,998 | $2,410,000 | 603 | Resale |
| WALLICH RESIDENCE | D2 | $3,875 | $7,800,000 | 2,013 | Resale |
| CUSCADEN RESERVE | D10 | $3,830 | $4,452,000 | 1,163 | New Sale |
| BOULEVARD 88 | D10 | $3,774 | $4,955,500 | 1,313 | New Sale |
| TOMLINSON HEIGHTS | D10 | $3,748 | $10,288,000 | 2,745 | Resale |
| WALLICH RESIDENCE | D2 | $3,629 | $6,015,000 | 1,658 | Resale |
Rental Market Snapshot
The rental market recorded 7,283 leases in June 2022, up 15.1% month-on-month. The median monthly rent was $3,700 (up 5.7% MoM).
Median Rent by Bedroom Type:
| Type | Median Rent |
|---|---|
| 1BR | $2,800 |
| 2BR | $3,500 |
| 3BR | $4,250 |
| 4BR | $6,850 |
| 5BR | $6,100 |
| NA | $4,000 |
Most Active Rental Projects:
| Project | Leases |
|---|---|
| NON-LANDED HOUSING DEVELOPMENT | 157 |
| LANDED HOUSING DEVELOPMENT | 156 |
| PARK COLONIAL | 90 |
| STIRLING RESIDENCES | 57 |
| THE SAIL @ MARINA BAY | 44 |
Planning to rent? Check out our How to Calculate Buy-to-Rent ROI.
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 |
|---|---|---|
| 2022-01 | $1,488 | $3,300 |
| 2022-02 | $1,564 | $3,400 |
| 2022-03 | $1,534 | $3,500 |
| 2022-04 | $1,527 | $3,500 |
| 2022-05 | $1,791 | $3,500 |
| 2022-06 | $1,571 | $3,700 |
Market volatility assessment: Volatile (based on 6-month coefficient of variation of median PSF).
For longer-term analysis, see Rental Trends by Floor Level — 2023.
Supply & Demand Signals
Primary vs Secondary Market: New launches accounted for 467 units (22.1% of total), while resales made up 1,574 transactions and 73 sub-sales were recorded.
Unit Size Demand: 5BR+: 286 (13.5%) · 4BR: 316 (14.9%) · 3BR: 735 (34.8%) · 2BR: 359 (17%) · 1BR: 290 (13.7%) · Studio: 128 (6.1%)
Price Distribution: $500K-1M: 325 · $1M-1.5M: 626 · $1.5M-2M: 413 · $2M-3M: 345 · $3M+: 405
Explore our latest Condos with Best Views in District 4 (Telok Blangah, Harbourfront) for featured developments.
Outlook & What to Watch
In 2022, the introduction of higher Additional Buyer's Stamp Duty (IRAS ABSD ratesABSD) rates in December 2021 tempered foreign demand, while domestic buyers remained active amid rising interest rates.
Key takeaways for June 2022:
- Prices have softened with median PSF falling 12.3% month-on-month.
- Rents are holding firm with median rent up 5.7% 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 99%, near historical averages.
Useful resources: How to Compare Mortgage Loan Packages · ROI Metrics: Total Return, Break-Even, Future Value
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 | $749,000 | -- | -- |
| 1 | $1,155,000 | -- | -- |
| 1BR | -- | $2,800/mo | -- |
| 2 | $1,300,000 | -- | -- |
| 2BR | -- | $3,500/mo | -- |
| 3 | $1,568,000 | -- | -- |
| 3BR | -- | $4,250/mo | -- |
| 4 | $2,600,000 | -- | -- |
| 4BR | -- | $6,850/mo | -- |
| 5 | $4,505,600 | -- | -- |
| 5BR | -- | $6,100/mo | -- |
| NA | -- | $4,000/mo | -- |
Yields are gross estimates: (monthly rent × 12) / median sale price. Actual net yields vary with maintenance, taxes, and vacancy.
Useful Resources
- How to Compare Mortgage Loan Packages
- How to Calculate Seller's Stamp Duty (SSD)
- How to Check TDSR and MSR Affordability
- CPF Nomination for Property Owners — Why Your Will Isn't Enough
- Expat Family Condo Guide — Schools, Space & Smart Choices
- Conservation Shophouse Investment — Heritage, Scarcity & No ABSD
- ABSD Explained: Additional Buyer's Stamp Duty Rates
- What Is PSF? Price Per Square Foot Explained
- 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: 846 condos with sales data and 1664 with rental data out of 3429 tracked properties for June 2022.