Can you provide a comparative market analysis for properties in District 2

District 2 in Singapore covers key areas such as Tanjong Pagar, Chinatown, and the CBD, and is classified within the Core Central Region (CCR). In recent months, the property market in District 2 has shown steady growth, reflecting wider performance trends in prime districts.

- Private residential prices in the CCR rose 3% quarter-on-quarter in 2Q2025. This outpaced overall Singapore price growth, which stood at about 0.5% quarter-on-quarter nationwide. On a year-on-year basis, CCR prices advanced by 3.4%.

- Average condo prices in the CCR escalated by 26.2% from $2,326 per square foot in 2Q2025 to $2,937 per square foot in July-August 2025. This surge was driven by strong demand for prime and city-fringe developments.

- CCR price gap with Rest of Central Region (RCR) widened to nearly 22% in 2Q2025. This indicates higher buyer willingness to pay for central prime properties, with new launches attracting considerable interest.

- In District 2 specifically, the market remains highly sought-after among both investors and owner-occupiers due to its location, amenities, and supply constraints. New launches and resale transactions continue to command premium pricing.

Compared to neighboring districts, District 2 stands out for:
- Higher average psf prices in both new and resale condominiums.
- Strong rental demand driven by office proximity and lifestyle conveniences.
- Continued market resilience even during periods of slower nationwide price growth.

For buyers and sellers considering District 2, the comparative market analysis highlights robust price momentum, premium valuations versus other regions, and the ongoing demand for prime central homes. For the most current listings, transaction data, and detailed trend charts, visit EdgeProp Singapore.