Singapore Private Condominiums (2020 review)- Part 2

This is a continuation of Part 1.


At the end of Part 1, a total of 10 districts from the bottom of the list were covered. Interestingly, all 10 districts have a negative $psf growth in terms of transactions covered in 2020. 10 more districts will be covered in this blog post.


11. District 18 (Pasir Ris, Simei, Tampines)

Looks like the trend continues with D18. The r coefficient of the trend line is -0.03. In the earlier analysis I done on private condominium in May this year, D18 is within the top 3 districts with the highest $psf growth for the past 3 years. Seems like the new launches (Treasure at Tampines, The Tapestry) did not contribute much in terms of the $psf growth this year.


The average price transacted ($psf) for private properties in this district in 2020 is $1239.


Below is the list of the top few projects in this district with their corresponding volume of transactions in 2020.


12. District 12 (Balestier, Novena, Toa Payoh)

D12 isn't usually a district with good $psf growth. Hence, it's not too much of a surprise that it belongs to the lower half of the list here. The r coefficient of the trend line is -0.03.


The average price transacted ($psf) for private properties in this district in 2020 is $1423.


Below is the list of the top few projects in this district with their corresponding volume of transactions in 2020.


13. District 22 (Boon Lay, Jurong, Tuas)

D22 is one of the top few districts with the highest growth of rental transactions this year. However, the $psf growth seems to be almost flat this year. The r coefficient of the trend line is -0.01.


The average price transacted ($psf) for private properties in this district in 2020 is $1050.


Below is the list of the top few projects in this district with their corresponding volume of transactions in 2020.


14. District 15 (Katong, Marine Parade, Tanjong Rhu)

It finally turns positive! The first district on this list to have a positive $psf growth this year is D15. D15 has always been one of the districts favoured by many Singaporeans. You can tell just from the number of rental transactions in this district. The r coefficient of the trend line is 0.02.


The average price transacted ($psf) for private properties in this district in 2020 is $1518.


Below is the list of the top few projects in this district with their corresponding volume of transactions in 2020.

15. District 8 (Little India, Farrer Park, Serangoon Road)

A relatively quiet district with not too many projects. In fact, only D25 (Admiralty, Woodlands) and D26 (Tagore, Yio Chu Kang) have lesser number of transactions over the past 3 years. The r coefficient of the trend line is 0.04.


The average price transacted ($psf) for private properties in this district in 2020 is $1422.


Below is the list of the top few projects in this district with their corresponding volume of transactions in 2020.


16. District 25 (Admiralty, Woodlands)

This district is the district with the lowest median rental costs in Singapore. With the $psf having a positive growth, could this then translate to a lower rental yield in the future? Probably something worth looking out for. The r coefficient of the trend line is 0.06.


The average price transacted ($psf) for private properties in this district in 2020 is $877.


Below is the list of the top few projects in this district with their corresponding volume of transactions in 2020.


17. District 17 (Changi, Loyang, Pasir Ris)

D17 took the top spot in terms of $psf growth over the past 3 years when I last analysed it in May. It seems like the $psf growth has continue well into the second half of the year. Definitely a district to be looking out for. The r coefficient of the trend line is 0.07.


The average price transacted ($psf) for private properties in this district in 2020 is $1036.


Below is the list of the top few projects in this district with their corresponding volume of transactions in 2020.

18. District 19 (Hougang, Punggol, SengKang)

D19 is known to have the highest number of transactions in the past 3 years. This is hardly surprising since you have Punggol and SengKang included in the district. Seems like the $psf growth is on a good track too. The r coefficient of the trend line is 0.07.


The average price transacted ($psf) for private properties in this district in 2020 is $1381.


Below is the list of the top few projects in this district with their corresponding volume of transactions in 2020.


19. District 23 (Diary Farm, Choa Chu Kang, Bukit Panjang)

D23 seems to be up and coming with my latest rental analysis showing strong rental demand in this district for this year. Now, it seems like the growth of $psf in this district is of decent performance too. The r coefficient of the trend line is 0.08.


The average price transacted ($psf) for private properties in this district in 2020 is $1162.


Below is the list of the top few projects in this district with their corresponding volume of transactions in 2020.


20. District 16 (Upper East Coast, Siglap, Chai Chee)

Here is the last district for Part 2. D16 has been having a poor $psf growth over the past few years. It seems like the trend has bucked this year with a good performance in 2020. The r coefficient of the trend line is 0.09.


The average price transacted ($psf) for private properties in this district in 2020 is $1117.


Below is the list of the top few projects in this district with their corresponding volume of transactions in 2020.


The ranking of the remaining districts will be made available to Patrons only.


Please scroll down and subscribe for regular content if you like what you read!

721 views0 comments