- Total of 10,462 transactions recorded in November 2024 (+12.7% MoM).
- Median sale price per square foot: $2,431, up 25.2% from last month.
- Median monthly rent: $4,350 (+1.2% MoM).
- Most active district: District 15 (Katong, Joo Chiat, Amber Road) with 1,133 sales.
- Highest gross yield: 3.08% in the CCR segment.
Based on URA REALIS data, the Singapore private residential market recorded 10,462 total transactions in November 2024, up 12.7% from the previous month. Sales volume stood at 4,312 units with a median price of $2,431 per square foot, while the rental market saw 6,150 leases at a median rent of $4,350/month. For an overview of the buying process, see our SORA Rate Tracker & Mortgage Impact Guide.
Highest-Value Transactions
The top 5 transactions by total price in November 2024:
| Project | District | Price | PSF | Size (sqft) | Type |
|---|---|---|---|---|---|
| LANDED HOUSING DEVELOPMENT | D10 | $44,380,000 | $2,033 | 21,833 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $35,500,000 | $2,356 | 15,071 | Resale |
| OEI TIONG HAM PARK | D10 | $23,000,000 | $2,120 | 10,849 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $21,000,000 | $2,549 | 8,238 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $21,000,000 | $2,549 | 8,238 | Resale |
Key Figures at a Glance
Sales Market Deep Dive
The private residential sales market recorded 4,312 transactions in November 2024, representing an increase of 82.9% month-on-month and up 106.0% year-on-year. The median price per square foot was $2,431 (up 25.2% MoM), while the median transaction price stood at $1,935,000.
Transaction Mix: Resale: 1,425 (33%) · Sub Sale: 92 (2.1%) · New Sale: 2,795 (64.8%)
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) | 284 | $2,340 | 1,811 | $5,600 | 3.08% |
| RCR (Rest of Central Region) | 2,002 | $2,547 | 2,072 | $4,500 | 2.39% |
| OCR (Outside Central Region) | 2,026 | $1,811 | 2,267 | $3,800 | 2.46% |
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 November 2024:
| District | Area | Segment | Transactions | Median PSF |
|---|---|---|---|---|
| District 15 (Katong, Joo Chiat, Amber Road) | Katong, Joo Chiat, Amber Road | RCR | 1,133 | $2,626 |
| District 19 (Serangoon Garden, Hougang, Punggol) | Serangoon Garden, Hougang, Punggol | OCR | 954 | $2,561 |
| District 21 (Upper Bukit Timah, Clementi Park, Ulu Pandan) | Upper Bukit Timah, Clementi Park, Ulu Pandan | OCR | 452 | $2,432 |
| District 24 (Lim Chu Kang, Tengah) | Lim Chu Kang, Tengah | OCR | 267 | $1,659 |
| District 23 (Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang) | Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang | OCR | 135 | $1,520 |
Notable Transactions
The highest-value transactions by price per square foot in November 2024:
| Project | District | PSF | Price | Size (sqft) | Type |
|---|---|---|---|---|---|
| ARDMORE PARK | D10 | $3,987 | $11,500,000 | 2,885 | Resale |
| BOULEVARD 88 | D10 | $3,942 | $5,176,500 | 1,313 | Resale |
| MIDTOWN MODERN | D7 | $3,939 | $1,611,000 | 409 | New Sale |
| ARDMORE PARK | D10 | $3,900 | $11,250,000 | 2,885 | Resale |
| HILLTOPS | D9 | $3,772 | $6,455,000 | 1,711 | Resale |
| UNION SQUARE RESIDENCES | D1 | $3,752 | $9,288,000 | 2,476 | New Sale |
| BOULEVARD 88 | D10 | $3,703 | $4,863,300 | 1,313 | Resale |
| MIDTOWN MODERN | D7 | $3,638 | $1,488,000 | 409 | New Sale |
| MIDTOWN MODERN | D7 | $3,638 | $1,488,000 | 409 | New Sale |
| HILLTOPS | D9 | $3,599 | $6,547,000 | 1,819 | Resale |
Rental Market Snapshot
The rental market recorded 6,150 leases in November 2024, down 11.2% month-on-month. The median monthly rent was $4,350 (up 1.2% MoM).
Median Rent by Bedroom Type:
| Type | Median Rent |
|---|---|
| 1BR | $3,250 |
| 2BR | $4,000 |
| 3BR | $5,200 |
| 4BR | $7,900 |
| 5BR | $8,264 |
| 6BR | $20,000 |
| NA | $5,700 |
Most Active Rental Projects:
| Project | Leases |
|---|---|
| LANDED HOUSING DEVELOPMENT | 150 |
| NON-LANDED HOUSING DEVELOPMENT | 98 |
| PARC ESTA | 52 |
| THE SAIL @ MARINA BAY | 37 |
| NORMANTON PARK | 34 |
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 |
|---|---|---|
| 2024-06 | $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 |
| 2024-11 | $2,431 | $4,350 |
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 2,795 units (64.8% of total), while resales made up 1,425 transactions and 92 sub-sales were recorded.
Unit Size Demand: 5BR+: 230 (5.3%) · 4BR: 338 (7.8%) · 2BR: 1,193 (27.7%) · 3BR: 1,483 (34.4%) · 1BR: 844 (19.6%) · Studio: 224 (5.2%)
Price Distribution: $500K-1M: 173 · $1M-1.5M: 722 · $1.5M-2M: 1,426 · $2M-3M: 1,329 · $3M+: 662
Explore our latest Condos with Best Views in District 3 (Queenstown, Tiong Bahru) 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 November 2024:
- Prices are trending upward with median PSF rising 25.2% month-on-month.
- Rents are holding firm with median rent up 1.2% MoM.
- New launches dominated the market, suggesting strong developer confidence and buyer appetite for new projects.
- The CCR-to-OCR price premium stands at approximately 29%, 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 | $1,175,000 | -- | -- |
| 1 | $1,716,000 | -- | -- |
| 1BR | -- | $3,250/mo | -- |
| 2 | $1,907,587 | -- | -- |
| 2BR | -- | $4,000/mo | -- |
| 3 | $2,525,300 | -- | -- |
| 3BR | -- | $5,200/mo | -- |
| 4 | $3,204,500 | -- | -- |
| 4BR | -- | $7,900/mo | -- |
| 5 | $4,890,000 | -- | -- |
| 5BR | -- | $8,264/mo | -- |
| 6BR | -- | $20,000/mo | -- |
| NA | -- | $5,700/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
- How to Compare Mortgage Loan Packages
- How to Use the End-to-End Investment Calculator
- SORA Rate Tracker & Mortgage Impact Guide
- Singapore Property Tax Guide — Annual Value, Rates & Reliefs
- HDB Upgrader Financial Planning: From HDB to Condo
- CCR, RCR, OCR: Singapore's Market Segments
- ABSD Explained: Additional Buyer's Stamp Duty Rates
- SSD Explained: Seller's Stamp Duty and Holding Periods
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: 781 condos with sales data and 1605 with rental data out of 3429 tracked properties for November 2024.