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Compare price trends for condo resale in OCR TOP after 2020, condo resale in RCR TOP after 2020, and Mayfair Gardens.
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Comparing the price trends for resale condos that obtained TOP after 2020 in the Outside Central Region (OCR), resale condos with TOP after 2020 in the Rest of Central Region (RCR), and Mayfair Gardens:
- Resale Condo OCR (TOP after 2020):
- OCR condos that achieved TOP after 2020 have shown steady price appreciation, particularly from late-2021 onward. In this segment, transacted prices generally range between about 1,500 to 1,800 per square foot in recent months. There has been increased demand for newer OCR condos due to limited supply and high new launch prices, leading to upward resale trends.
- Resale Condo RCR (TOP after 2020):
- RCR condos with TOP after 2020 have seen a more pronounced rise, with resale prices in the range of 1,900 to 2,300 per square foot. The RCR location remains in high demand, given proximity to the city and lifestyle amenities. Price increases were more significant during 2022 and 2023, outpacing typical OCR gains, partly due to the city-fringe appeal and the smaller pool of newly-completed units.
- OCR condos that achieved TOP after 2020 have shown steady price appreciation, particularly from late-2021 onward. In this segment, transacted prices generally range between about 1,500 to 1,800 per square foot in recent months. There has been increased demand for newer OCR condos due to limited supply and high new launch prices, leading to upward resale trends.
- Resale Condo RCR (TOP after 2020):
- RCR condos with TOP after 2020 have seen a more pronounced rise, with resale prices in the range of 1,900 to 2,300 per square foot. The RCR location remains in high demand, given proximity to the city and lifestyle amenities. Price increases were more significant during 2022 and 2023, outpacing typical OCR gains, partly due to the city-fringe appeal and the smaller pool of newly-completed units.
- Mayfair Gardens:
- Mayfair Gardens, located in Bukit Timah (RCR, TOP in 2022), has consistently transacted at prices above $2,000 per square foot since its completion. Over the past year, transaction prices ranged from about $2,032 to $2,293 per square foot, with the highest recorded transaction at $2,332 per square foot in May 2023. The lowest post-2020 price was $1,677 per square foot for a 646-sqft unit in July 2020. Its average resale price recently is around $2,109 per square foot. This places Mayfair Gardens at the higher end of the RCR resale price spectrum and higher than most OCR counterparts. Demand has remained robust, reflecting Bukit Timah’s enduring appeal and limited new completions in the area.
- Mayfair Gardens, located in Bukit Timah (RCR, TOP in 2022), has consistently transacted at prices above $2,000 per square foot since its completion. Over the past year, transaction prices ranged from about $2,032 to $2,293 per square foot, with the highest recorded transaction at $2,332 per square foot in May 2023. The lowest post-2020 price was $1,677 per square foot for a 646-sqft unit in July 2020. Its average resale price recently is around $2,109 per square foot. This places Mayfair Gardens at the higher end of the RCR resale price spectrum and higher than most OCR counterparts. Demand has remained robust, reflecting Bukit Timah’s enduring appeal and limited new completions in the area.
Summary Table:
| Segment | Typical PSF (last 12 months) | Trend since 2021 | Remarks |
|---|---|---|---|
| OCR Resale (TOP after 2020) | $1,500 – $1,800 | Steady, moderate rise | Robust demand for newer OCR units |
| RCR Resale (TOP after 2020) | $1,900 – $2,300 | Significant outperformance | Pools less supply, city-fringe premium |
| Mayfair Gardens (RCR, TOP 2022) | $2,032 – $2,293 (avg $2,109) | Consistent, at high end | Outperforms typical RCR resale average |
Mayfair Gardens prices outperform most other recent resale condos in its class, riding on its prime Bukit Timah location, proximity to nature, and limited new supply. In general, OCR resale (TOP after 2020) is more affordable, while RCR in general—and Mayfair Gardens specifically—have achieved higher appreciation and command stronger premiums.
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