A short while back, we put out an article explaining how the Bugis – Beach Road area (district 7) has since become more expensive than Orchard. But those of you who follow Singapore’s private property scene may not be surprised; Singapore began decentralising as far back as the 1990s, in an attempt to have multiple business hubs rather than a single CBD.
This has resulted in the four planned regional centres: Woodlands, Jurong, Seletar, and Tampines.
In this article we’re going to take a look at the residential properties in these regional centres, and see how they compared to the CBD:
So how have prices moved in the CBD?
Over the past 10 years, prices have risen from an average of $1,118 psf, to $1,548 psf. This is a 38.4 per cent increase, or about 3.31 per cent per year.
On the other hand, here’s how the other regional centres have kept pace:
