With Singapore’s prime property a key capital destination for  investors, home prices in Orchard are scrutinised very closely. We take a look at how home prices in the area have been trending over the past six quarters. 

Non-landed private residential home prices in Orchard Road

While prices in Orchard Road were relatively stable in 2017, it moved sharply upwards in 2018. The median price for condos in Q1 2018 jumped to $2340 psf, led largely by the launch of luxury project New Futura. 

Chart of median condo home prices in Orchard Road

Median Condo Prices in Orchard Road. Source URA, PropertyGuru

While prices have come down somewhat in Q2 2018, a spate of new launches such as 8 St Thomas, 8 Hullet, and Boulevard 88 are expected to keep home prices in Orchard above the $2,300 mark. 

Read more about new homes and developments in the Orchard Area here

Rental home prices in Orchard Road

condo rental home Prices in Orchard

Median condo rental prices in Orchard

Median condo rentals in Orchard have hovered between $4.30 and $4.50 per sq ft over the past six quarters. This relatively stable level supports the theory that Orchard remains a popular rental destination amongst well-heeled expats and foreigners, who are willing to pay more for a home in this prime, convenient area. 

Read more about how Orchard has some of the best family friendly facilities around

At current prices, the median rental yield in the Orchard area is 2.48%.