This Prime Area In Singapore Still Has Condos Under $2M — Despite Nearby Prices Climbing Much Higher

To most Singaporeans, Bukit Timah and Newton are discernibly different neighbourhoods even though they’re located next to each other. The profile of Bukit Timah is associated with its array of greenery and untouched pockets of nature, but Newton is associated with its busy streets, proximity to prime shopping malls, and its famous hawker centre.

There is something that ties the two locations together; each of their housing markets are established and among the most expensive in Singapore. Both locales also benefit from proximity to renowned schools, mature amenities, and quick access to the city.

Some property buyers ask how similar, or far apart, are property prices in these two areas? And what are the differences we can expect to see when it comes to the resale performance of the condos in each area?

In this week’s deep dive, we’ll look at the nuances behind the performance of the condos in both areas, as well as the common trade-offs encountered by buyers who shortlist projects in Bukit Timah and Newton.

First, let’s look at the overall performance of private homes in the central region

This is a broad overview, which will frame our general expectations for the planning areas in this region. The following are based on sub sale and resale transactions over the past decade.