District 1, which includes the Marina Bay, Raffles Place, and Boat Quay areas, remains one of the most expensive districts in Singapore for private residential properties. Recent new launch projects in District 1 have seen median prices around 2,975 per square foot, as seen at developments like One Marina Gardens. This price point places District 1 at the upper end of the Singapore market.
Rental rates in District 1 also reflect its prime status. In the first quarter of 2025, median rents for three-bedroom condominium units reached 9,225 per month, the highest among all districts. This underscores the strong demand and premium positioning of the area for both investment and rental purposes.
Price growth remains stable but has moderated, with overall private home prices in Singapore rising 0.5% in the second quarter of 2025, after a 0.8% increase in the previous quarter. The Core Central Region (CCR), which includes District 1, outperformed, with non-landed home prices rising about 3% quarter-on-quarter.
In summary, District 1 consistently commands some of the highest private property prices and rents in Singapore, driven by its central location and prestige. Price growth has continued but at a more moderate pace in 2025, reflecting broader trends in the high-end segment.
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