Summary



The Urban Redevelopment Authority (URA) revealed a year-on-year private residential price increase of 3.9% in 2024, notably lower than earlier surges. But averaging prices at a national level can hide some unique success stories. Here, we shine the spotlight on the district that emerged as the top performer and break down the trends fueling its growth.




District 26 Rules



Guess which district led the charge? District 26 saw an impressive 21% year-on-year surge, miles ahead of the competition. District 17 and District 25 followed suit, but the spotlight truly lands on District 26’s strong pipeline of new projects. These fresh condos near Lentor MRT Station became the catalyst for pushing prices skyward.




New Sales are Driving Prices Up


DistrictTownsAverage price (2024) ($psf)Average price (2023) ($psf)Annual price growth (%)
26Upper Thomson, Springleaf & Lentor2,1071,74121.0
17Loyang & Changi1,3711,19814.4
25Woodlands, Admiralty & Kranji1,2421,11811.1
23Choa Chu Kang, Bukit Batok & Dairy Farm1,6981,53011.0
22Lakeside, Jurong & Boon Lay1,7331,57510.0
19Hougang, Punggol & Sengkang1,6791,5339.5
12Toa Payoh & Balestier1,7621,6308.1
14Paya Lebar, Eunos & Geylang1,7281,6276.2
18Simei, Tampines & Pasir Ris1,6461,5536.0
1Raffles Place, Marina & Boat Quay2,1242,0085.8
13Braddell, Potong Pasir & MacPherson1,7421,6465.8
28Seletar & Yio Chu Kang1,4371,3685.0
21Upper Bukit Timah & Ulu Pandan2,0571,9704.4
15Tanjong Rhu, Marine Parade & East Coast2,1202,0384.0
20Ang Mo Kio & Bishan1,7511,6923.5
16Bedok & Bayshore1,8401,7843.1
5Clementi, Pasir Panjang & West Coast1,8461,8082.1
27Sembawang & Yishun1,2561,2450.9
8Little India & Farrer Park1,8251,8160.5
2Anson Road, Tanjong Pagar & Chinatown2,1812,213-1.4
3Queenstown, Tiong Bahru & Alexandra2,0002,055-2.7
10Tanglin Road, Holland & Bukit Timah2,2812,375-4.0
4Telok Blangah, Mount Faber & Sentosa1,8521,930-4.0
9Orchard Road, River Valley & Cairnhill2,2052,325-5.2
11Thomson, Novena & Newton2,2252,390-6.9
6City Hall & Clarke Quay2,1302,291-7.0
7Golden Mile, Bugis, Rochor & Beach Road2,2812,390-10.0



In District 26, five highly anticipated projects—Lentor Modern, Lentor Mansion, Lentoria, Hillock Green, and Lentor Hills Residences—have collectively pushed average prices upward. Each of these uncompleted condos is located near Lentor MRT Station, drawing buyers craving both convenience and long-term investment potential.





District 26 Ranking High


Not only is District 26 a hotspot for new home sales, but it also stands out in resale performance with an 11.8% year-on-year hike. That’s second to none except Districts 18 and 14, which also posted strong resale gains. As an indicator of both new and resale success, District 26 proves its appeal to a broad swath of buyers.




ELTA Condo Singapore


Which Districts Might Outperform Their Peers This Year?



Are there more success stories on the horizon? District 26 could stay ahead with upcoming launches near Lentor MRT Station, and District 18 also looks poised for further appreciation with big projects in the works. Keep an eye on the Core Central Region (CCR), too: around a dozen new CCR projects this year might kick-start a comeback in areas like Districts 9 and 10.





Conclusion for Expat Buyers



First-Time Homeowners: District 25 and 17 remain among the more affordable areas, allowing you to snag a property with significant growth potential. You’ll still find a good mix of comfort and connectivity, whether you choose a brand-new project or a resale unit near an MRT station. District 26 could be a stretch budget-wise, but it’s worth monitoring for future opportunities.




Disclaimer: The data presented here is sourced from URA’s flash estimates and publicly available information. For tailored advice on real estate investments, consider speaking with a professional who can help evaluate your personal financial situation and property goals.