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Singapore’s Luxury Condo: A Five-Year Data Analysis

When considering the purchase of a house, there are numerous factors to take into account. In Singapore, with its diverse range of housing options, what distinguishes landed residential properties as particularly unique? The answer lies in the importance of location. The value and potential of a real estate are heavily influenced by its location, making it a crucial consideration when making a purchase. While residential Luxury Properties in Singapore for Sale represent a significant investment, they are also a fundamental necessity. It is essential to bear in mind that a home is not merely a place of residence, but also an investment. Therefore, the question arises: why should one consider investing in landed property?

Why should we Invest in Landed Property?

Investing in landed property is considered one of the most effective ways to preserve wealth in Singapore due to the limited quantity of land available. The increasing demand for room and property has resulted in a scarcity of land properties, making it a valuable asset. As the land market in Singapore becomes increasingly barren, owners are likely to hold onto their precious assets, driving up prices due to the economic principle of greater demand and lower supply. Consequently, the future price of landed houses is expected to rise, resulting in a greater capital gain. Investing in landed homes is also preferable to private condominiums as the monthly cash outlay is almost identical for both types of properties. For a similar price, or even slightly more, investing in a landed property provides ownership of the ground, whereas a private condominium only offers ownership of a unit. With only 73,263 houses in Singapore as of the end of 2Q2021, compared to a total of 340,283 non-landed units, the scarcity of landed properties is evident. Additionally, foreign purchasers are only permitted to purchase landed properties after approval by the Land Dealings Approval Unit, making most owners Singaporeans or new citizens. The higher cost of landed property also results in less speculation and reduced unwanted volatility. Before discussing the top 5 landed property areas in Singapore, it is important to examine the highs and lows surrounding landed housing growth from 2001 to 2021.

Our Evaluation of the Top Four Districts

Now that we’ve sufficiently set the background context of recent rises and falls in the landed property market, let’s move on to what you’ve been waiting for — the top 5 landed property districts in Singapore.

First, a crucial question before we begin: how exactly did we define “best”?

Well, if we’re examining landed housing as prospective investments, we’ll choose them based on their lucrative value. We scraped data from the URA’s database of Private Residential Property Transactions in order to assess whether the price appreciation trends from March 2017 to March 2022 demonstrate substantial and/or consistent price appreciation of landed property.

Alongside analysis of the prestige and maturity of location, this article is written in the hopes of helping home buyers narrow down their ideal landed property — to determine if this landed home is worth the purchase with consideration of both its present and future value.

  • Our examination was limited to freehold properties exclusively. Due to the absence of land expiry dates, the appreciation of house prices tends to occur at a faster rate, thereby ensuring the sustainability of landed property value over time.
  • Our examination did not encompass strata-titled property. Given the potential complexities associated with sub-strata properties, we opted to confine our analysis to this benchmark as a more standardized point of reference.
  • Our examination did not include new or sub sales. This is primarily due to the fact that the majority of landed property transactions involve resale properties. We will be conducting a district-wise analysis of residential property. For those who require assistance in identifying the corresponding locations within Singapore, please refer to the accompanying map.

  1. District 9, Comprising (Orchard, Cairnhill, and River Valley) –

It is widely acknowledged that the cost of living in Singapore is substantial, with District 9 representing the epitome of this reality. As the apex of Singapore’s shopping and luxury district, it serves as a sanctuary for affluent homeowners from across the globe. Given its elevated social status, District 9 presents a highly profitable investment prospect, in addition to being one of the most desirable locales in Singapore’s central region. In sum, District 9 embodies exceptional real estate value, owing to its prime location in central Singapore and its reputation for luxuriousness.

2. District 9, Comprising (Orchard, Cairnhill, and River Valley) –

It is widely acknowledged that the cost of living in Singapore is substantial, with District 9 representing the epitome of this reality. As the apex of Singapore’s shopping and luxury property singapore, it serves as a sanctuary for affluent homeowners from across the globe. Given its elevated social status, District 9 presents a highly profitable investment, in addition to being one of the most desirable locales in Singapore’s central region. In sum, District 9 embodies exceptional real estate value, owing to its prime location in central Singapore and its reputation for luxuriousness.

3. District 9, Comprising (Orchard, Cairnhill, and River Valley) –

It is widely acknowledged that the cost of living in Singapore is substantial, with District 9 representing the epitome of this reality. As the apex of Singapore’s shopping and luxury district, it serves as a sanctuary for affluent homeowners from across the globe. Given its elevated social status, District 9 presents a highly profitable investment prospect, in addition to being one of the most desirable locales in Singapore’s central region. In sum, District 9 embodies exceptional real estate value, owing to its prime location in central Singapore and its reputation for luxuriousness.

4. District 15 Comparison (Katong, Joo Chiat, Amber Road) –
As Singapore has undergone modernization, its cultural heritage has undoubtedly been diluted. Nevertheless, the historic district of Singapore serves as a prime example of how the city-state has achieved a harmonious balance between the old and the new. Each edifice within District 15 possesses a unique backstory that evokes memories of a bygone era. This distinguishing feature sets District 15 apart from other areas, such as Districts 9, 10, 11, and 13, which are home to historical relics that survived World War II. Due to its close proximity to the Central Business District, the mature district has been classified as an RCR. Additionally, the presence of reputable institutions such as Tao Nan School and CHIJ Katong Primary School further enhances the appeal of this established area to families seeking a work-life balance. The overall appreciation in property prices indicates a likelihood for freehold landed properties within this district to appreciate in market value. Therefore, investors seeking to acquire property are advised to consider investing in the burgeoning District 15.

Conclusion -

It is evident that District 9 boasts the most profitable landed properties. The majority of districts have demonstrated a steady appreciation over the years, with properties exhibiting a higher cost per square foot in March 2022 compared to 2017. However, District 13 is an exception, having reached its peak in 2021. As it is still Q1 of 2022, we recommend a cautious approach in monitoring the market.

Furthermore, upon calculating the growth rate (gradient), it is noteworthy that both District 9 and District 15 have experienced the greatest surge in value from 2021 to March 2022. Therefore, we suggest that these districts be considered as well. Ultimately, the long-term value of each district.

If you’re in search of information on luxury condominium prices in Singapore and contemplating a property purchase, reach out to Joshua Lim, the most Trusted Real Estate Agent specializing in the sale of luxury properties in Singapore.

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