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Condo resale prices dip in September

About 1,109 units were resold in September, up 1.6% from August.

Condo resale prices dipped in September 2025, with values in the Core Central Region (CCR) and Rest of Central Region (RCR) falling 2.8% and 0.5%, respectively, whilst prices in the Outside Central Region (OCR) were unchanged, according to SRX’s report.

“This could be attributed to the anticipation surrounding several new launches, particularly Skye at Holland, which previewed in September and officially launched in October,” said Luqman Hakim, chief data and analytics officer at 99.co.

Overall, condo resale prices fell 1% month-on-month but were still 3.4% higher than a year earlier.

By region, year-on-year prices rose 3.4% in the CCR, 2.4% in the RCR, and 5.2% in the OCR.

An estimated 1,109 units changed hands in September, up 1.6% from August and 3.6% higher than the same month last year.

Resale volumes also came in 3.6% above the five-year average for September. The OCR accounted for 46.2% of transactions, followed by 33.2% in the RCR and 20.5% in the CCR.

Sub-sale transactions made up 4.9% of total secondary sales, down from August.

The most expensive resale in September was a $19.18m unit at The Marq on Paterson Hill. In the RCR, the top deal was a $6.4m unit at Reflections at Keppel Bay, whilst the OCR’s highest transaction was $5.38m for a unit at Southaven II.

The median capital gain for resale condos stood at $357,000. District 11 (Newton / Novena) saw the highest median gain at $909,000, whilst District 1 (Boat Quay / Raffles Place / Marina) recorded the lowest at $78,000.

The median unlevered return was 28.5%, with District 21 (Clementi Park / Upper Bukit Timah) leading at 58.8% and District 1 again posting the lowest at 5%.

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