- Total of 9,231 transactions recorded in June 2024 (+9.7% MoM).
- Median sale price per square foot: $1,714, up 2.7% from last month.
- Median monthly rent: $4,250 (-1.2% MoM).
- Most active district: District 19 (Serangoon Garden, Hougang, Punggol) with 238 sales.
- Highest gross yield: 3.05% in the OCR segment.
Based on URA REALIS data, the Singapore private residential market recorded 9,231 total transactions in June 2024, up 9.7% from the previous month. Sales volume stood at 1,652 units with a median price of $1,714 per square foot, while the rental market saw 7,579 leases at a median rent of $4,250/month. For an overview of the buying process, see our Complete Guide for Foreigners Buying a Condo in Singapore.
Highest-Value Transactions
The top 5 transactions by total price in June 2024:
| Project | District | Price | PSF | Size (sqft) | Type |
|---|---|---|---|---|---|
| LANDED HOUSING DEVELOPMENT | D15 | $18,138,000 | $2,086 | 8,695 | Resale |
| LANDED HOUSING DEVELOPMENT | D15 | $18,138,000 | $2,086 | 8,695 | Resale |
| DUNEARN ESTATE | D11 | $15,200,000 | $2,686 | 5,659 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $14,450,000 | $2,395 | 6,034 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $14,450,000 | $2,395 | 6,034 | Resale |
Key Figures at a Glance
Sales Market Deep Dive
The private residential sales market recorded 1,652 transactions in June 2024, representing a decrease of 18.1% month-on-month and up 7.7% year-on-year. The median price per square foot was $1,714 (up 2.7% MoM), while the median transaction price stood at $1,699,500.
Transaction Mix: Resale: 1,245 (75.4%) · New Sale: 269 (16.3%) · Sub Sale: 138 (8.4%)
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) | 185 | $2,138 | 2,141 | $5,600 | 2.73% |
| RCR (Rest of Central Region) | 484 | $2,016 | 2,501 | $4,300 | 2.58% |
| OCR (Outside Central Region) | 983 | $1,501 | 2,937 | $3,800 | 3.05% |
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 2024:
| District | Area | Segment | Transactions | Median PSF |
|---|---|---|---|---|
| District 19 (Serangoon Garden, Hougang, Punggol) | Serangoon Garden, Hougang, Punggol | OCR | 238 | $1,548 |
| District 23 (Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang) | Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang | OCR | 150 | $1,516 |
| District 15 (Katong, Joo Chiat, Amber Road) | Katong, Joo Chiat, Amber Road | RCR | 146 | $2,109 |
| District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) | Pasir Panjang, Hong Leong Garden, Clementi New Town | RCR | 100 | $1,940 |
| District 27 (Yishun, Sembawang) | Yishun, Sembawang | OCR | 98 | $1,298 |
Notable Transactions
The highest-value transactions by price per square foot in June 2024:
| Project | District | PSF | Price | Size (sqft) | Type |
|---|---|---|---|---|---|
| BOULEVARD 88 | D10 | $4,112 | $5,400,000 | 1,313 | New Sale |
| KLIMT CAIRNHILL | D9 | $3,863 | $5,530,000 | 1,432 | New Sale |
| KLIMT CAIRNHILL | D9 | $3,847 | $5,508,000 | 1,432 | New Sale |
| KLIMT CAIRNHILL | D9 | $3,807 | $5,450,000 | 1,432 | New Sale |
| MIDTOWN MODERN | D7 | $3,698 | $6,688,000 | 1,808 | New Sale |
| THE AVENIR | D9 | $3,686 | $8,888,000 | 2,411 | Sub Sale |
| LANDED HOUSING DEVELOPMENT | D9 | $3,660 | $7,000,000 | 1,913 | Resale |
| 19 NASSIM | D10 | $3,566 | $2,879,000 | 807 | New Sale |
| 19 NASSIM | D10 | $3,414 | $2,315,200 | 678 | New Sale |
| LANDED HOUSING DEVELOPMENT | D11 | $3,315 | $14,388,000 | 4,340 | Resale |
Rental Market Snapshot
The rental market recorded 7,579 leases in June 2024, up 18.4% month-on-month. The median monthly rent was $4,250 (down 1.2% MoM).
Median Rent by Bedroom Type:
| Type | Median Rent |
|---|---|
| 1BR | $3,200 |
| 2BR | $4,000 |
| 3BR | $5,000 |
| 4BR | $8,150 |
| 5BR | $14,000 |
| 7BR | $20,500 |
| NA | $5,200 |
Most Active Rental Projects:
| Project | Leases |
|---|---|
| LANDED HOUSING DEVELOPMENT | 153 |
| NON-LANDED HOUSING DEVELOPMENT | 121 |
| LEEDON GREEN | 63 |
| TREASURE AT TAMPINES | 50 |
| THE SAIL @ MARINA BAY | 48 |
Planning to rent? Check out our How to Visualize Lease Decay in Singapore.
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 |
|---|---|---|
| 2024-01 | $1,585 | $4,450 |
| 2024-02 | $1,715 | $4,400 |
| 2024-03 | $1,916 | $4,300 |
| 2024-04 | $1,738 | $4,400 |
| 2024-05 | $1,669 | $4,300 |
| 2024-06 | $1,714 | $4,250 |
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 269 units (16.3% of total), while resales made up 1,245 transactions and 138 sub-sales were recorded.
Unit Size Demand: 5BR+: 192 (11.6%) · 4BR: 230 (13.9%) · 2BR: 356 (21.5%) · Studio: 73 (4.4%) · 3BR: 579 (35%) · 1BR: 222 (13.4%)
Price Distribution: $500K-1M: 164 · $1M-1.5M: 496 · $1.5M-2M: 374 · $2M-3M: 341 · $3M+: 277
Explore our latest Condos with Best Views in District 16 (Bedok, Upper East Coast, Eastwood, Kew Drive) 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 June 2024:
- Prices are trending upward with median PSF rising 2.7% month-on-month.
- Rental rates have eased with median rent down 1.2% 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 · Cash-on-Cash Return: Measuring Your Cash Investment
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 | $820,000 | -- | -- |
| 1 | $1,091,944 | -- | -- |
| 1BR | -- | $3,200/mo | -- |
| 2 | $1,476,500 | -- | -- |
| 2BR | -- | $4,000/mo | -- |
| 3 | $1,730,000 | -- | -- |
| 3BR | -- | $5,000/mo | -- |
| 4 | $2,722,500 | -- | -- |
| 4BR | -- | $8,150/mo | -- |
| 5 | $4,725,000 | -- | -- |
| 5BR | -- | $14,000/mo | -- |
| 7BR | -- | $20,500/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 Calculate Stamp Duty (BSD + ABSD)
- How to Use the End-to-End Investment Calculator
- How to Check TDSR and MSR Affordability
- Complete Guide for Foreigners Buying a Condo in Singapore
- Joint Tenancy vs Tenancy in Common: Choosing the Right Ownership
- Singapore Property Tax Guide — Annual Value, Rates & Reliefs
- DSCR: Debt Service Coverage Ratio for Rental Properties
- Lease Decay: How 99-Year Leasehold Values Decline
- Singapore Cooling Measures: History and Current 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: 702 condos with sales data and 1655 with rental data out of 3429 tracked properties for June 2024.