Private properties have reached new heights of unaffordability in the aftermath of Covid; and with ABSD rates sitting at 20 per cent, it’s unsurprising that price is a bigger issue than ever. But this led us to ask: are there places in Singapore where private home prices may have gone down, instead of up? We looked through the various districts, for properties of different ages, to see which areas where prices may have dipped instead:
Note: The following only tracks resale condo prices, as new launches would cause sharp jumps in prices per square foot, and tend to occur close to each other – this would distort the data. Do also note that in some cases (specifically leasehold condos), we’ve broken down the data by age range. As a result, transaction volume would be lower and thus, may not be an accurate representation of the area’s performance.
Price dips among freehold private homes
Average $PSF
| Districts |
2023 Q2 |
2023 Q3 |
2023 Q4 |
2024 Q1 |
| 2 |
$2,262 |
$2,312 |
$2,309 |
$2,340 |
| 3 |
$1,786 |
$1,792 |
$1,784 |
$2,043 |
| 4 |
$1,795 |
$1,866 |
$2,088 |
$1,837 |
| 5 |
$1,609 |
$1,591 |
$1,636 |
$1,603 |
| 8 |
$1,595 |
$1,712 |
$1,680 |
$1,648 |
| 9 |
$2,255 |
$2,195 |
$2,280 |
$2,373 |
| 10 |
$2,383 |
$2,222 |
$2,308 |
$2,335 |
| 11 |
$1,997 |
$1,896 |
$2,066 |
$2,035 |
...
