Data can tell us a great deal about the property market. As the largest property portal in Singapore, our aggregated listings data offers valuable insight into the property market from the sellers’ point of view. For our 2020 Property Market Outlook, we sought to uncover the growth of property value (including ‘negative growth’) for each of the 27 districts in Singapore over the past three years, or 12 quarters—a time frame long enough to reveal a trend and short enough to be relevant and current.

Overall, median per square foot (psf) prices in Singapore increased by 12% over the past three years. Zooming in to districts in the Core Central Region (CCR), we aggregated data on asking prices—median per square foot (psf) asking prices—for the past 12 quarters (Q4 2016 to Q3 2019). These asking prices incorporate both resale and new launch listings of non-landed private residential property in Singapore . Mapping out the results, this article reveals how seller sentiment for each CCR district has evolved.

Where: Raffles Place, Boat Quay, Marina Bay

Asking price change over three years: +3%

Q4 2016 Median psf asking price: $2,325
Q3 2019 Median psf asking price: $2,401

Upcoming amenities: Shenton Way MRT Station (2021)

Where: Chinatown, Tanjong Pagar

Asking price change over three years: +12%

Q4 2016 Median psf asking price: $2,148
Q3 2019 Median psf asking price: $2,412

Upcoming amenities: Maxwell and Shenton Way MRT Station (Thomson-East Coast Line; 2021), Cantonment MRT station (Circle Line; 2025)

Where: Harbourfront, Telok Blangah, Sentosa

Asking price change over three years: -4%

Q4 2016 Median psf asking price: $1,772
Q3 2019 Median psf asking price: $1,706

Upcoming amenities: Sentosa and Pulau Brani redevelopment, Keppel Club redevelopment, Keppel MRT Station (Circle Line; 2025)

Where: Beach Road, Bugis, Rochor

Asking price change over three years: +30% (Highest in Singapore)

Q4 2016 Median psf asking price: $1,898
Q3 2019 Median psf asking price: $2,467

Upcoming amenities: Guoco Midtown mixed-use development (2023), Rochor Centre redevelopment (TBC), North South Corridor expressway (2026)

Where: Orchard and River Valley

Asking price change over three years: +14%

Q4 2016 Median psf asking price: $2,282
Q3 2019 Median psf asking price: $2,600

Upcoming amenities: Great World and Orchard MRT interchange (Thomson-East Coast Line; 2021)

Where: Tanglin, Holland, Bukit Timah

Asking price change over three years: +12%

Q4 2016 Median psf asking price: $2,086
Q3 2019 Median psf asking price: $2,341

Upcoming amenities: One Holland Village mixed-use development, Orchard Boulevard and Napier MRT station (Thomson-East Coast Line; 2021)

Where: Newton and Novena

Asking price change over three years: +1%

Q4 2016 Median psf asking price: $1,951
Q3 2019 Median psf asking price: $1,968

Upcoming amenities: HealthCity Novena (by 2030)