Singapore property price growth: Which districts had the highest price psf growth?

3 Districts to look out for in 2020

District 11 (Newton / Novena)

The Guru View: District 11 had the highest q-o-q increase in Q4 2019, and the 10.2% increase is likely due to transactions of newly launched Neu at Novena and Pullman Residences. There were also 89 resale transactions recorded, which is on par with the 88 transactions recorded in Q4 2018. PropertyGuru foresees demand for homes in D11 to remain buoyant with key amenities (Health City Novena and North-South Corridor) and rising private home prices in District 10.

District 26 (Mandai / Upper Thomson)

The Guru View: District 26 has recorded the biggest year-on-year pricing growth in Singapore, and it's not surprising because it will be home to two upcoming Thomson-East Coast Line (TEL) MRT stations of Springleaf and Lentor. The completion of the North-South Corridor in 2026 could further boost property value in D26.

District 14 (Paya Lebar / Eunos / Geylang)

The Guru View: District 14 has seen median psf price jumped by 14% over the past three years, spurred by commercial and office developments around Paya Lebar. In terms of property value, 2020 will be a good test to see if buyer demand will sustain; Parc Esta and Arena Residences, for example, saw over 70% of its units sold. Investor-landlords will also be keeping a keen eye on rental demand, with the completion of Park Place Residences likely to set a new bar for rent in D14.

Source: PropertyGuru, February 25, 2020