Summary
In April 2025, resale prices of condo in Singapore showed an overall upward trend. Transaction volume remained largely unchanged compared to the previous month, with nearly half of the transactions coming from the Outside Central Region (OCR). Overall, the median capital gain was S$401,000, and the median unleveraged return stood at 32.7%, both registering month-on-month increases. However, District 1 was the only area to record negative figures.

In April 2025, condo resale prices in CCR, RCR, and OCR increased by 1.3%, 2.4%, 1.3%, respectively.
According to the SRX Price Index for Condo Resale:
• Month-on-month, overall prices increased by 1.9%.
• Year-on-year, overall prices increased by 5.9% compared to April 2024.
• Year-on-year, CCR, RCR, and OCR experienced price increases of 5.9%, 5.7%, and 6%, respective

An estimated 1,178 units were resold in April 2025, an increase of 0.1% from the 1,177 units resold in March 2025.
• Resale volumes were 3.5% lower than in April 2024, but 10.7% higher than the 5-year average for April.
• Breaking it down by region, in April 2025, 49.2% of the volumes were from OCR, 31.8% from RCR, and 19% from CCR.
• The percentage of sub-sale transactions to the total secondary sale transactions (i.e., Resale + Sub-Sale) was 6.3% in April 2025, which decreased from March 2025.
• Sub-sale transactions refer to secondary sale transactions occurring before the project is completed.

The highest transacted price for a resale unit in April was S$13,000,000 at Hilltops.
• In RCR, the highest transacted price was S$9,305,000 for a resale unit at Amber Residences.
• In OCR, the highest transaction was a unit at Breeze by the East, which resold for S$4,400,000.

The overall median capital gain for resale condos was S$401,000 in April 2025, an increase of S$46,000 from March 2025.
• District 15 (East Coast / Marine Parade) posted the highest median capital gain at S$785,000. District 1 (Boat Quay / Raffles Place / Marina) posted the lowest median capital gain at -S$160,000.

The overall median unlevered return for resale condos was 32.7% in April 2025.
• District 22 (Boon Lay / Jurong / Tuas) posted the highest median unlevered return at 51.3%. District 1 (Boat Quay / Raffles Place / Marina) posted the lowest median unlevered return at -5.8%.
• The condo resale unit's capital gain and return are calculated by comparing the current transacted price with the previous transacted price of the same unit. Districts with less than 10 matching transactions are excluded from the ranking.

Source：SRX