- Total of 11,187 transactions recorded in June 2021 (+4.7% MoM).
- Median sale price per square foot: $1,486, up 8.0% from last month.
- Median monthly rent: $3,200 (+4.9% MoM).
- Most active district: District 19 (Serangoon Garden, Hougang, Punggol) with 357 sales.
- Highest gross yield: 2.63% in the OCR segment.
Based on URA REALIS data, the Singapore private residential market recorded 11,187 total transactions in June 2021, up 4.7% from the previous month. Sales volume stood at 2,639 units with a median price of $1,486 per square foot, while the rental market saw 8,548 leases at a median rent of $3,200/month. For an overview of the buying process, see our Luxury Condo Buying Guide — What $5M+ Gets You in CCR.
Highest-Value Transactions
The top 5 transactions by total price in June 2021:
| Project | District | Price | PSF | Size (sqft) | Type |
|---|---|---|---|---|---|
| LANDED HOUSING DEVELOPMENT | D11 | $36,000,000 | $1,537 | 23,423 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $36,000,000 | $1,954 | 18,427 | Resale |
| BINJAI PARK | D21 | $36,000,000 | $1,318 | 27,320 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $32,000,000 | $2,109 | 15,173 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $30,000,000 | $1,336 | 22,462 | Resale |
Key Figures at a Glance
Sales Market Deep Dive
The private residential sales market recorded 2,639 transactions in June 2021, representing a decrease of 19.3% month-on-month. The median price per square foot was $1,486 (up 8.0% MoM), while the median transaction price stood at $1,499,000.
Transaction Mix: Resale: 1,656 (62.8%) · New Sale: 946 (35.8%) · Sub Sale: 37 (1.4%)
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) | 428 | $2,344 | 2,567 | $4,400 | 2.41% |
| RCR (Rest of Central Region) | 844 | $1,713 | 2,758 | $3,206 | 2.24% |
| OCR (Outside Central Region) | 1,367 | $1,189 | 3,223 | $2,700 | 2.63% |
For a deeper comparison, see New Launch vs Resale Condos — A Data-Driven Comparison.
Top Districts by Activity
The most active districts by sales volume in June 2021:
| District | Area | Segment | Transactions | Median PSF |
|---|---|---|---|---|
| District 19 (Serangoon Garden, Hougang, Punggol) | Serangoon Garden, Hougang, Punggol | OCR | 357 | $1,183 |
| District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin) | Ardmore, Bukit Timah, Holland Road, Tanglin | CCR | 257 | $2,368 |
| District 18 (Tampines, Pasir Ris) | Tampines, Pasir Ris | OCR | 235 | $1,171 |
| District 15 (Katong, Joo Chiat, Amber Road) | Katong, Joo Chiat, Amber Road | RCR | 234 | $1,642 |
| District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) | Pasir Panjang, Hong Leong Garden, Clementi New Town | RCR | 212 | $1,696 |
Notable Transactions
The highest-value transactions by price per square foot in June 2021:
| Project | District | PSF | Price | Size (sqft) | Type |
|---|---|---|---|---|---|
| PARK NOVA | D10 | $4,837 | $14,058,000 | 2,906 | New Sale |
| PARK NOVA | D10 | $4,693 | $13,638,000 | 2,906 | New Sale |
| 3 CUSCADEN | D10 | $4,213 | $1,904,488 | 452 | New Sale |
| SCULPTURA ARDMORE | D10 | $4,200 | $19,756,800 | 4,704 | Resale |
| NEW FUTURA | D9 | $4,088 | $11,000,000 | 2,691 | Resale |
| BISHOPSGATE RESIDENCES | D10 | $3,840 | $11,200,000 | 2,917 | Resale |
| BISHOPSGATE RESIDENCES | D10 | $3,840 | $11,200,000 | 2,917 | Resale |
| THE NASSIM | D10 | $3,808 | $12,500,000 | 3,283 | Resale |
| LANDED HOUSING DEVELOPMENT | D9 | $3,558 | $5,450,000 | 1,532 | Resale |
| MIDTOWN MODERN | D7 | $3,486 | $1,426,000 | 409 | New Sale |
Rental Market Snapshot
The rental market recorded 8,548 leases in June 2021, up 15.3% month-on-month. The median monthly rent was $3,200 (up 4.9% MoM).
Median Rent by Bedroom Type:
| Type | Median Rent |
|---|---|
| 1BR | $2,300 |
| 2BR | $2,900 |
| 3BR | $3,700 |
| 4BR | $6,100 |
| 5BR | $7,700 |
| NA | $3,600 |
Most Active Rental Projects:
| Project | Leases |
|---|---|
| LANDED HOUSING DEVELOPMENT | 212 |
| NON-LANDED HOUSING DEVELOPMENT | 153 |
| THE SAIL @ MARINA BAY | 70 |
| D'LEEDON | 57 |
| LAKE GRANDE | 50 |
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 |
|---|---|---|
| 2021-01 | -- | $2,500 |
| 2021-02 | $1,356 | $3,000 |
| 2021-03 | $1,548 | $3,000 |
| 2021-04 | $1,528 | $3,100 |
| 2021-05 | $1,376 | $3,050 |
| 2021-06 | $1,486 | $3,200 |
Market volatility assessment: Volatile (based on 6-month coefficient of variation of median PSF).
For longer-term analysis, see Rental Trends by Floor Size — 2023.
Supply & Demand Signals
Primary vs Secondary Market: New launches accounted for 946 units (35.8% of total), while resales made up 1,656 transactions and 37 sub-sales were recorded.
Unit Size Demand: 5BR+: 390 (14.8%) · 4BR: 357 (13.5%) · 3BR: 783 (29.7%) · 2BR: 545 (20.7%) · 1BR: 440 (16.7%) · Studio: 124 (4.7%)
Price Distribution: <$500K: 2 · $500K-1M: 455 · $1M-1.5M: 865 · $1.5M-2M: 540 · $2M-3M: 383 · $3M+: 394
Explore our latest Waterfront Condos: Price and Rental Analysis for featured developments.
Outlook & What to Watch
Following the pandemic recovery, Singapore's property market rebounded strongly in 2021 with pent-up demand driving volumes higher across all segments.
Key takeaways for June 2021:
- Prices are trending upward with median PSF rising 8.0% month-on-month.
- Rents are holding firm with median rent up 4.9% 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 97%, 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 | $752,500 | -- | -- |
| 1 | $1,139,200 | -- | -- |
| 1BR | -- | $2,300/mo | -- |
| 2 | $1,291,000 | -- | -- |
| 2BR | -- | $2,900/mo | -- |
| 3 | $1,491,000 | -- | -- |
| 3BR | -- | $3,700/mo | -- |
| 4 | $2,250,000 | -- | -- |
| 4BR | -- | $6,100/mo | -- |
| 5 | $3,925,000 | -- | -- |
| 5BR | -- | $7,700/mo | -- |
| NA | -- | $3,600/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 Use the Mortgage Calculator
- How to Calculate Stamp Duty (BSD + ABSD)
- Luxury Condo Buying Guide — What $5M+ Gets You in CCR
- HDB Upgrader Guide — BTO to Private Condo Step-by-Step
- OTP Mechanics & Conveyancing Timeline — Complete Legal Process
- Singapore Cooling Measures: History and Current Rates
- Moving Averages: Reading Property Price Trends
- ROI Metrics: Total Return, Break-Even, Future Value
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: 850 condos with sales data and 1722 with rental data out of 3429 tracked properties for June 2021.