Christie’s International Real Estate Singapore | Christie’s International Real Estate

Singapore's Residential Real Estate Market

The Singapore residential real estate market is renowned for its stability and strong regulatory framework. Over the last decade, private residential property prices have experienced steady growth with certain districts being the preferred option for most buyers. New launches and resale properties in these prime districts command a premium, reflecting their desirability and exclusivity

To ensure market stability and to prevent the marketing from overheating and as a hedge against short-term speculative investment, the government has implemented certain key measures in a graded manner over the past few years. These are:

Additional Buyer's Stamp Duty (ABSD): Foreign buyers face a 60% ABSD on property purchases, while Singapore citizens and permanent residents are subject to ABSD on their second and subsequent properties (ranging from 20-35%). It is important to note that buyers of certain nationalities are exempted from this ABSD. These nationalities include United States, Switzerland, Iceland, Norway, and Liechtenstein and are treated similarly to Singapore Citizens for their first property purchase.
Seller's Stamp Duty (SSD): This applies to property sales within 1, 2, or 3 years from acquisition, helping to curb speculative activities and ensure long-term market stability.

These measures are constantly being adjusted to moderate price increases and safeguard the interests of property owners and investors.

The strong demand for real estate in Singapore is further driven by the country's status as an established global wealth hub, its political stability, and its pro-business environment. On the supply side, government land sales and strategic development initiatives play a key role in shaping the market.

Singapore District Map The Urban Redevelopment Authority (URA) classifies the city into three primary regions: the Core Central Region (CCR), the Rest of Central Region (RCR), and the Outside Central Region (OCR).

The CCR consists of postal districts 9, 10, and 11, as well as the Downtown Core and Sentosa. The RCR includes the remaining areas within the Central Region that are not part of the CCR, while the OCR covers the planning areas located outside the Central Region.

Singapore is further divided into 28 distinct districts, with prime residential areas including Districts 9, 10, 11, 15, and Sentosa.

Postal District	Postal Sector (1st 2 digits of 6-digit postal codes)	General Location
1	01, 02, 03, 04, 05, 06	Raffles Place, Cecil, Marina, People's Park
2	07, 08	Anson, Tanjong Pagar
3	14, 15, 16	Queenstown, Tiong Bahru
4	09, 10	Telok Blangah, Harbourfront
5	11, 12, 13	Pasir Panjang, Hong Leong Garden, Clementi New Town
6	17	High Street, Beach Road (part)
7	18, 19	Middle Road, Golden Mile
8	20, 21	Little India
9	20, 21	Little India
10	24, 25, 26, 27	Ardmore, Bukit Timah, Holland Road, Tanglin
11	28, 29, 30	Watten Estate, Novena, Thomson
12	31, 32, 33	Balestier, Toa Payoh, Serangoon
13	34, 35, 36, 37	Macpherson, Braddell
14	38, 39, 40, 41	Geylang, Eunos
15	38, 39, 40, 41	Katong, Joo Chiat, Amber Road
16	46, 47, 48	Bedok, Upper East Coast, Eastwood, Kew Drive
17	49, 50, 81	Loyang, Changi
18	51, 52	Tampines, Pasir Ris
19	53, 54, 55, 82	Serangoon Garden, Hougang, Punggol
20	56, 57	Bishan, Ang Mo Kio
21	58, 59	Upper Bukit Timah, Clementi Park, Ulu Pandan
22	60, 61, 62, 63, 64	Jurong
23	65, 66, 67, 68	Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang
24	69, 70, 71	Lim Chu Kang, Tengah
25	72, 73	Kranji, Woodgrove
26	77, 78	Upper Thomson, Springleaf
27	75, 76	Yishun, Sembawang
28	79, 80	Seletar

Why Invest in Luxury Properties in Singapore?

Singapore’s real estate market continues to thrive due to its political stability, economic strength, and high demand for premium properties. Investing in luxury properties in Singapore ensures steady capital appreciation and rental yields. The city’s strategic location and world-class infrastructure make it a preferred destination for high-net-worth individuals looking for exclusive residences and profitable investment opportunities.

Types of Luxury Properties in Singapore

Luxury Condominiums: High-end residential developments offering top-tier amenities.
Landed Property: Ideal for buyers who prefer spacious homes with privacy and exclusivity. These properties c an only be purchased by Singapore citizens and Permanent Residents (PRs). In Sentosa, however, landed properties may be purchased by foreign nationals.
Good Class Bungalows (GCBs): The pinnacle of luxury housing in Singapore. These properties must be situated in one of the 39 designated GCB areas, have a minimum plot size of 1,400 square meters and have a maximum height of 12 meters.

Landed Property for Sale in Singapore: A Prime Investment

Owning a landed property for sale in Singapore is a desirable combination of a prestigious asset as well as strong capital appreciation. These unique homes offer spacious interiors, private gardens, and exclusivity.

Singapore Condo Investment: An Astute Financial Decision

Singapore condo investment is a favourable option due to a lower entry price point, high rental demand and steady capital appreciation.

Premium condos in Singapore come with standard luxury amenities such as fully equipped gyms, swimming pool, other sport facilities, children’s play areas and in many cases concierge services

Key factors to consider when investing in a luxury property in Singapore:

Location: Prime districts like Orchard, Marina Bay, and Sentosa Cove are highly desirable.
Leasehold vs. Freehold: Freehold properties tend to have higher long-term value.
Build Quality and Finishes: Singapore properties have high standards of construction but some properties tend to have exceptional quality and finishes, and therefore offer higher long term capital appreciation and rental yield.
Accessibility: Properties close to amenities, with good transport connectivity and in many cases, those in proximity to business hubs, achieve higher capital values and rent.

Singapore Property Market Forecast