How Propkaki estimates your condo’s indicative value
Propkaki PIE gives condominium owners an indicative resale price range based on recent URA-registered transactions at the same development, adjusted for floor level and floor area. It is not a formal valuation, but it helps owners understand a realistic market range before speaking to a CEA-registered agent.
Propkaki’s Price Indication Engine (PIE) compares your condominium or apartment against recent URA-registered resale transactions at the same development. It filters by floor level band and floor area to produce a comparable-based indicative range, and classifies the result by subtype (condominium vs apartment). The result reflects what similar units have actually sold for — not a formal appraisal.
Condo prices are heavily development-specific. Two projects on the same street can differ by 20–30% psf based on brand, facilities, age, and management. PIE’s comparable selection stays within the same development to ensure relevance. When transaction volume in a development is low, the confidence tier will reflect this.
How to use this tool
- Enter your postal code — Propkaki looks up your address and auto-fills as many fields as possible from government records.
- Review and complete your property details — check the auto-filled fields and fill in any remaining ones.
- Get your indicative range — Propkaki returns a price range and confidence tier based on comparable transactions.
- Speak to an agent (optional) — request a free, no-obligation assessment from a CEA-registered agent on Propkaki’s network.
What affects your condo’s resale value?
- Development name and track record — well-managed, branded developments in strong locations hold value better.
- Tenure (freehold vs leasehold) — freehold units typically command a 10–20% premium over equivalent 99-year leasehold in the same area.
- Floor level and facing — pool-facing, unobstructed, and high-floor units transact at a premium within the same development.
- District and proximity to MRT — CCR (Districts 9, 10, 11) commands the highest PSF; OCR offers stronger quantum value.
- Floor area and layout efficiency — psf values tend to be higher for smaller units; buyers often compare on absolute quantum.
Common questions
- What is Propkaki PIE?
- Propkaki PIE (Price Indication Engine) is a free tool that gives Singapore homeowners an indicative resale price range for their HDB flat, condominium, or landed property. It uses recent comparable HDB and URA-registered resale transactions filtered by property type, location, size, and floor level.
- How does Propkaki calculate the indicative price range for my condo?
- PIE searches for recent URA-registered resale transactions at the same development, filtered by floor area proximity. It uses two tiers — a tight tier of very recent sales and a wider 12-month tier. Floor premium and size adjustments are calibrated from the development's own transaction history, so comparisons stay within the same project.
- Is this an official property valuation?
- No. Propkaki PIE is an indicative price range tool, not a formal property valuation. Propkaki is not a licensed valuer under Singapore's Appraisers Act. For a formal valuation — required for bank loans and CPF usage — engage a licensed valuer.
- What data sources does Propkaki use for condo prices?
- Private residential transaction data comes from URA's private residential transaction records, through the URA Data Service. All data is government-sourced. Propkaki checks for new URA records weekly.
- How accurate is the price indication?
- Accuracy depends on comparable transaction volume. Results carry a confidence tier — HIGH (many recent comparables), MODERATE (limited comparables), or LOW (very few). When data is insufficient, the tool shows an insufficient data result rather than an unreliable range.
- Why might my condo result show insufficient data?
- Some developments — particularly smaller or newer projects — may not have enough recent comparable sales to produce a reliable range. This reflects transaction volume in the development, not the value of your unit. A CEA-registered agent can provide a development-specific assessment.
- Is there a fee to use Propkaki PIE?
- No. Propkaki PIE is completely free to use. No account is required.
- What happens after I get my indicative range?
- You can request a free, no-obligation assessment from a CEA-registered agent on Propkaki's network who will provide a more detailed, property-specific review.
Data sources: HDB resale prices (data.gov.sg), private residential and landed transactions (URA Data Service), land area (SLA cadastral). Checked daily (HDB) and weekly (URA). Not a formal valuation. Propkaki is not a licensed valuer under Singapore’s Appraisers Act.