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

For last year’s biggest winner, look to the 21% price hike in District 26. District 17 came next with 14.4%, while District 25 logged 11.1% growth. However, it’s really District 26 that’s worth watching. With brand-new developments unlocking new lifestyle options, it’s no wonder condo values there jumped so significantly.

New Sales are Driving Prices Up

District	Towns	Average price (2024) ($psf)	Average price (2023) ($psf)	Annual price growth (%)
26	Upper Thomson, Springleaf & Lentor	2,107	1,741	21.0
17	Loyang & Changi	1,371	1,198	14.4
25	Woodlands, Admiralty & Kranji	1,242	1,118	11.1
23	Choa Chu Kang, Bukit Batok & Dairy Farm	1,698	1,530	11.0
22	Lakeside, Jurong & Boon Lay	1,733	1,575	10.0
19	Hougang, Punggol & Sengkang	1,679	1,533	9.5
12	Toa Payoh & Balestier	1,762	1,630	8.1
14	Paya Lebar, Eunos & Geylang	1,728	1,627	6.2
18	Simei, Tampines & Pasir Ris	1,646	1,553	6.0
1	Raffles Place, Marina & Boat Quay	2,124	2,008	5.8
13	Braddell, Potong Pasir & MacPherson	1,742	1,646	5.8
28	Seletar & Yio Chu Kang	1,437	1,368	5.0
21	Upper Bukit Timah & Ulu Pandan	2,057	1,970	4.4
15	Tanjong Rhu, Marine Parade & East Coast	2,120	2,038	4.0
20	Ang Mo Kio & Bishan	1,751	1,692	3.5
16	Bedok & Bayshore	1,840	1,784	3.1
5	Clementi, Pasir Panjang & West Coast	1,846	1,808	2.1
27	Sembawang & Yishun	1,256	1,245	0.9
8	Little India & Farrer Park	1,825	1,816	0.5
2	Anson Road, Tanjong Pagar & Chinatown	2,181	2,213	-1.4
3	Queenstown, Tiong Bahru & Alexandra	2,000	2,055	-2.7
10	Tanglin Road, Holland & Bukit Timah	2,281	2,375	-4.0
4	Telok Blangah, Mount Faber & Sentosa	1,852	1,930	-4.0
9	Orchard Road, River Valley & Cairnhill	2,205	2,325	-5.2
11	Thomson, Novena & Newton	2,225	2,390	-6.9
6	City Hall & Clarke Quay	2,130	2,291	-7.0
7	Golden Mile, Bugis, Rochor & Beach Road	2,281	2,390	-10.0

Ever noticed how new launches can rejuvenate an area’s market? District 26 is a prime example, thanks to upcoming projects near Lentor MRT Station. Lentor Modern nearly sold out after its 2022 launch, and both Lentor Mansion and Lentoria have seen strong take-up rates. These thriving sales figures have driven District 26’s price appreciation.

District 26 Ranking High

Taking a look at resale data alone, District 26 booked an 11.8% year-on-year boost, overshadowing most other districts except 18 and 14. This dual triumph in both new and resale sectors underscores that District 26 isn’t just a one-hit wonder. It’s a well-rounded gem where fresh developments and mature projects alike see price appreciation.

Jansen House For Sale

Which Districts Might Outperform Their Peers This Year?

Curious about 2025’s frontrunners? If recent history is any guide, District 26 will likely maintain momentum with two brand-new condos. District 18, likewise, is unveiling projects along Jalan Loyang Besar that could move the needle on overall prices. Over in the Core Central Region, multiple launches could give pricier neighborhoods a fresh jolt of activity.

Conclusion for Local Investors

Local Investors: If you’re on the hunt for long-term capital appreciation, District 26’s robust price growth and new launches could present compelling opportunities—especially with freehold projects like Bullion Park still in the resale game. Meanwhile, District 18’s upcoming developments could secure strong rental yields, thanks to its business parks and educational clusters.

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.