District 7 is one of the few areas where the official zoning and market reality don’t quite align. Although URA classifies it as part of the Rest of Central Region (RCR), parts of it are in the Core Central Region (CCR). As such, the transaction data tells a different story: several new launches in Bugis and Rochor have crossed $3,000 psf, a level more commonly associated with District 9. In fact, some projects here have transacted at premiums above nearby CCR counterparts.
This raises a practical question for investors: if D7 is already pricing like a CCR district, is there still a case to buy in, and should you be looking at new launches or resale projects for better value?
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.
A look at the overall price movements of D7 condos
All sale types (new, resale, sub sale)
| Year | D7 average $PSF | All non-landed private properties’ average $PSF |
| 2014 | $1,904 | $1,290 |
| 2015 | $1,779 | $1,180 |
| 2016 | $1,527 | $1,232 |
| 2017 | $1,565 | $1,304 |
| 2018 | $2,101 | $1,435 |
| 2019 | $2,633 | $1,560 |
| 2020 | $2,384 | $1,513 |
| 2021 | $2,565 | $1,600 |
| 2022 | $2,454 | $1,712 |
| 2023 | $2,434 | $1,869 |
| 2024 | $2,265 | $1,886 |
| Annualised | 1.75% | 3.87% |
From 2014 to 2024, average D7 condo prices rose from about $1,900 psf to $2,265 psf. In absolute terms, D7 has always been ahead of the islandwide average, and the higher absolute prices explain why percentage gains are slower. D7 saw annualised growth of just 1.75 per cent compared to almost 3.9 per cent islandwide.
0 Comments