District 15 is one of the most recognisable names in the private property market. Mention it, and most Singaporeans will immediately think of Katong shophouses, East Coast Park, or Meyer Road’s “Millionaire’s Row.” It’s also a district where you can find almost every kind of private housing – boutique condos hidden in side lanes, sprawling old apartments from the 1980s, and shiny new launches with rooftop pools.
But for singles and couples, the real question isn’t Meyer Road versus East Coast Road, it’s whether to go for a bigger, older resale unit, or stick to a compact new launch. The gap between the two has widened in interesting ways, and it’s worth asking which side really delivers better value.
So is it worth buying a larger and pricier resale unit? Or should they stick to the new launch one and two-bedders, which may be a bit smaller, and hence sometimes cheaper (in an overall sense)? Here’s a deeper look at the state of the price gap:
The challenge for many buyers today isn't access to information.
It's interpreting that information in a way that makes sense for their finances, goals, and stage of life.
Over time, that's also why we decided to work with agents who shared the same data-driven and advisory-led approach behind our editorial, consultants who could help readers think through decisions more objectively, rather than simply push transactions.
Today, the team has worked with more than 2,000 clients across over $5B in property transactions.
Let’s start with the general price trend for D15
| Year | New Sale | Sub sale and resale | % difference |
| 2014 | $1,609 | $1,230 | 30.73% |
| 2015 | $1,638 | $1,222 | 34.11% |
| 2016 | $1,742 | $1,209 | 44.07% |
| 2017 | $1,756 | $1,306 | 34.50% |
| 2018 | $1,968 | $1,325 | 48.54% |
| 2019 | $2,342 | $1,317 | 77.78% |
| 2020 | $2,199 | $1,321 | 66.42% |
| 2021 | $2,351 | $1,458 | 61.26% |
| 2022 | $2,390 | $1,575 | 51.69% |
| 2023 | $2,549 | $1,711 | 48.99% |
| 2024 | $2,683 | $1,805 | 48.66% |
Overall, the price gap between new launches and resale units has widened by almost 18 per cent from 2014 to 2024. The most dramatic divergence came in 2019, when new sale prices surged ahead to create a gap of nearly 78 per cent, the widest margin in the decade. This was largely due to the launches of Seaside Residences and Amber Park, which drove up the price gap that year.
0 Comments