Success stories abound in the Singapore property market, because those stories sell condos (a little skeptical, but it’s an unavoidable truth). A lot of these highlighted condos also paint a glamorous picture of their districts and areas; and it may create the sense that you can’t go wrong in those areas. So as counterintuitive as it sounds; the districts that have the ritziest condos can sometimes be the ones that also see the worst losses (also
not the first time that we’ve brought it up):
Where did we find hugely unprofitable transactions?
Veteran property investors won’t be surprised; but for those new to the market, consider that CCR and RCR districts may not, in fact, be the recession-proof titans that some agents claim they are. It seems that the priciest districts can also bring about the priciest losses:
| District |
Segment |
Gain (Vol.) |
Gain (Avg %) |
Loss (Vol.) |
Loss (Avg %) |
Total Vol. |
Avg % |
Loss Proportion |
| District 4 |
RCR |
4 |
22.2% |
3 |
-6.5% |
7 |
9.9% |
42.86% |
...
