The times are changing, and it’s not just the pandemic that caused it (although it sped things up a bit). Amidst big moves like decentralisation, and Work From Home, the very idea of what constitutes “central” – and hence a premium price – is not what it was; and as the
Marina South bid shows, even developers are rethinking the former “surefire” districts. Here’s where losses and gains are piling up these days, when it comes to the performance over the last few years:
Which districts have seen the best and worst performance?
First, here’s a look at the average $PSF for new and resale non-landed homes by district.
| Districts |
2020 |
2021 |
2022 |
2023 |
| 1 |
$2,161 |
$2,101 |
$2,057 |
$2,015 |
| 2 |
$2,235 |
$2,223 |
$2,282 |
$2,240 |
| 3 |
$2,004 |
$2,042 |
$2,309 |
$2,262 |
| 4 |
$1,511 |
$1,922 |
$1,863 |
$1,951 |
| 5 |
$1,536 |
$1,659 |
$1,562 |
$1,942 |
| 6 |
$3,206 |
$2,937 |
$3,115 |
$3,297 |
| 7 |
$2,384 |
$2,565 |
$2,524 |
$2,436 |
| 8 |
$1,432 |
$1,516 |
$1,678 |
$1,763 |
| 9 |
$2,257 |
$2,453 |
$2,487 |
$2,571 |
| 10 |
$2,152 |
$2,336 |
$2,590 |
$2,542 |
...
