- Total of 9,283 transactions recorded in October 2024 (-2.6% MoM).
- Median sale price per square foot: $1,942, up 9.0% from last month.
- Median monthly rent: $4,300 (+0.0% MoM).
- Most active district: District 25 (Kranji, Woodgrove) with 327 sales.
- Highest gross yield: 2.97% in the OCR segment.
Based on URA REALIS data, the Singapore private residential market recorded 9,283 total transactions in October 2024, down 2.6% from the previous month. Sales volume stood at 2,357 units with a median price of $1,942 per square foot, while the rental market saw 6,926 leases at a median rent of $4,300/month. For an overview of the buying process, see our First-Time Buyer's Complete Checklist: From Viewing to Keys.
Highest-Value Transactions
The top 5 transactions by total price in October 2024:
| Project | District | Price | PSF | Size (sqft) | Type |
|---|---|---|---|---|---|
| LANDED HOUSING DEVELOPMENT | D10 | $20,980,000 | $2,602 | 8,064 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $20,980,000 | $2,602 | 8,064 | Resale |
| DUNEARN ESTATE | D11 | $18,000,000 | $2,214 | 8,130 | Resale |
| LANDED HOUSING DEVELOPMENT | D13 | $15,700,000 | $1,426 | 11,014 | Resale |
| LANDED HOUSING DEVELOPMENT | D15 | $14,300,000 | $1,649 | 8,671 | Resale |
Key Figures at a Glance
Sales Market Deep Dive
The private residential sales market recorded 2,357 transactions in October 2024, representing an increase of 21.7% month-on-month and up 49.6% year-on-year. The median price per square foot was $1,942 (up 9.0% MoM), while the median transaction price stood at $1,791,000.
Transaction Mix: Resale: 1,517 (64.4%) · Sub Sale: 123 (5.2%) · New Sale: 717 (30.4%)
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) | 245 | $2,237 | 2,159 | $5,600 | 2.56% |
| RCR (Rest of Central Region) | 741 | $2,159 | 2,311 | $4,300 | 2.29% |
| OCR (Outside Central Region) | 1,371 | $1,677 | 2,456 | $3,800 | 2.97% |
For a deeper comparison, see Freehold vs 999-Year vs 99-Year Leasehold — Which Tenure Wins?.
Top Districts by Activity
The most active districts by sales volume in October 2024:
| District | Area | Segment | Transactions | Median PSF |
|---|---|---|---|---|
| District 25 (Kranji, Woodgrove) | Kranji, Woodgrove | OCR | 327 | $2,069 |
| District 15 (Katong, Joo Chiat, Amber Road) | Katong, Joo Chiat, Amber Road | RCR | 296 | $2,633 |
| District 19 (Serangoon Garden, Hougang, Punggol) | Serangoon Garden, Hougang, Punggol | OCR | 226 | $1,602 |
| District 23 (Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang) | Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang | OCR | 165 | $1,527 |
| District 21 (Upper Bukit Timah, Clementi Park, Ulu Pandan) | Upper Bukit Timah, Clementi Park, Ulu Pandan | OCR | 124 | $2,280 |
Notable Transactions
The highest-value transactions by price per square foot in October 2024:
| Project | District | PSF | Price | Size (sqft) | Type |
|---|---|---|---|---|---|
| ARDMORE PARK | D10 | $4,402 | $12,700,000 | 2,885 | Resale |
| CUSCADEN RESERVE | D10 | $3,753 | $14,100,000 | 3,757 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $3,710 | $8,258,985 | 2,226 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $3,710 | $8,258,985 | 2,226 | Resale |
| BLAIR PLAIN CONSERVATION AREA | D2 | $3,674 | $5,200,000 | 1,415 | Resale |
| 19 NASSIM | D10 | $3,652 | $3,538,000 | 969 | New Sale |
| 19 NASSIM | D10 | $3,570 | $3,458,000 | 969 | New Sale |
| MEYER BLUE | D15 | $3,569 | $2,382,000 | 667 | New Sale |
| MEYER BLUE | D15 | $3,569 | $2,382,000 | 667 | New Sale |
| KLIMT CAIRNHILL | D9 | $3,547 | $5,078,400 | 1,432 | New Sale |
Rental Market Snapshot
The rental market recorded 6,926 leases in October 2024, down 8.8% month-on-month. The median monthly rent was $4,300 (up 0.0% MoM).
Median Rent by Bedroom Type:
| Type | Median Rent |
|---|---|
| 1BR | $3,250 |
| 2BR | $4,100 |
| 3BR | $5,300 |
| 4BR | $8,300 |
| 5BR | $12,000 |
| 6BR | $9,000 |
| NA | $5,200 |
Most Active Rental Projects:
| Project | Leases |
|---|---|
| LANDED HOUSING DEVELOPMENT | 170 |
| NON-LANDED HOUSING DEVELOPMENT | 113 |
| PARC ESTA | 63 |
| MARINA ONE RESIDENCES | 53 |
| THE SAIL @ MARINA BAY | 44 |
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 |
|---|---|---|
| 2024-05 | $1,669 | $4,300 |
| 2024-06 | $1,714 | $4,250 |
| 2024-07 | $1,827 | $4,400 |
| 2024-08 | $1,685 | $4,500 |
| 2024-09 | $1,782 | $4,300 |
| 2024-10 | $1,942 | $4,300 |
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 717 units (30.4% of total), while resales made up 1,517 transactions and 123 sub-sales were recorded.
Unit Size Demand: 5BR+: 252 (10.7%) · 4BR: 294 (12.5%) · 3BR: 769 (32.6%) · 2BR: 518 (22%) · 1BR: 384 (16.3%) · Studio: 140 (5.9%)
Price Distribution: $500K-1M: 187 · $1M-1.5M: 646 · $1.5M-2M: 545 · $2M-3M: 532 · $3M+: 447
Explore our latest Condos with Best Views in District 18 (Tampines, Pasir Ris) 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 October 2024:
- Prices are trending upward with median PSF rising 9.0% month-on-month.
- Rents are holding firm with median rent up 0.0% 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 33%, near historical averages.
Useful resources: How to Check TDSR and MSR Affordability · Singapore Cooling Measures: History and Current Rates
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 | $890,000 | -- | -- |
| 1 | $1,310,000 | -- | -- |
| 1BR | -- | $3,250/mo | -- |
| 2 | $1,562,500 | -- | -- |
| 2BR | -- | $4,100/mo | -- |
| 3 | $1,960,000 | -- | -- |
| 3BR | -- | $5,300/mo | -- |
| 4 | $3,104,000 | -- | -- |
| 4BR | -- | $8,300/mo | -- |
| 5 | $4,866,000 | -- | -- |
| 5BR | -- | $12,000/mo | -- |
| 6BR | -- | $9,000/mo | -- |
| NA | -- | $5,200/mo | -- |
Yields are gross estimates: (monthly rent × 12) / median sale price. Actual net yields vary with maintenance, taxes, and vacancy.
Useful Resources
- How to Check TDSR and MSR Affordability
- First-Time Buyer's Complete Checklist: From Viewing to Keys
- Freehold vs Leasehold — Detailed Analysis for Singapore Buyers
- Estate Planning for Property — Wills, Trusts & CPF Nominations
- ABSD Exemption for US & Swiss Citizens — How FTA Exemptions Work
- EC to Private Condo Upgrade — When & How to Make the Switch
- Singapore Cooling Measures: History and Current Rates
- Lease Decay: How 99-Year Leasehold Values Decline
- ABSD Explained: Additional Buyer's Stamp Duty Rates
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: 757 condos with sales data and 1609 with rental data out of 3429 tracked properties for October 2024.