Price and location still the main criteria among home buyers

Based on the recent turnout in launches in the past year, the key criteria seems to be the timeless one: attractively priced homes in prime locations. North Park Residences in Yishun, Poiz Residences in Potong Pasir, and High Park Residences in Sengkang are three projects that went against the prevalent lull in the property market and sold 486 (median $1374 psf), 227 (median $1440 psf) and 1169 (median $989 psf) units respectively. The common attributes among these best selling projects are:

  • attractively priced units
  • near existing/upcoming MRT station
  • near amenities like shopping malls and reputable schools

The typical price range of residential apartments in Singapore can be found below

  • CCR — $2000-5000 psf
  • RCR — $1500-2000 psf
  • OCR — $1000-1500 psf
  • ECs — $750-850 psf
  • DBSS — $550-650 psf
  • HDB resale — $400-600 psf
  • BTO — $250-500 psf

 

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