Capital appreciation of D4 and D5

Districts 4 and 5 have shown healthy capital appreciation over the past years and remain key investment locations due to their unique attributes and future development potential.

D4 (Harbourfront, Sentosa, Telok Blangah):
- D4 contains a mix of luxury projects, including iconic waterfront condos and developments near the Greater Southern Waterfront.
- The district has experienced price stability and selective appreciation, particularly in well-located, high-end projects.
- With the upcoming transformation of the Greater Southern Waterfront and limited new launches, there is potential for further capital appreciation as supply tightens and demand for luxury seafront living increases.
- However, appreciation can be uneven, with premium product types and locations generally seeing stronger gains.

D5 (Buona Vista, Pasir Panjang, West Coast, Clementi):
- D5 has benefited from spillover demand from the Core Central Region and strong rental demand from nearby business parks, science hubs, and educational institutions.
- Recent new launch condos, as well as the continual transformation of the Pasir Panjang area and the proximity to the Greater Southern Waterfront plans, have helped support capital gains.
- District 5 generally offers more varied price points compared to D4, with a number of successful launches and resilient resale activity.
- The potential for capital appreciation remains robust due to ongoing infrastructure enhancements, employment nodes, and lifestyle amenities.

Looking ahead, both D4 and D5 are well positioned for further capital gains in the next five years, especially as development in the Greater Southern Waterfront progresses and as market sentiment recovers. D4 may offer premium appreciation tied closely to luxury and unique seafront projects, while D5 offers a blend of investment types, strong rental yields, and stable long-term capital growth.