Demand for landed property in the east region.

The demand for landed properties in the East Region of Singapore has been robust, driven by several factors:

Location and Amenities

The East Region, particularly areas like District 15, which includes neighborhoods such as Broadrick Road and Wiltshire Road, is highly sought after due to its proximity to amenities, schools, and the coastline. These areas offer a desirable lifestyle with easy access to beaches, parks, and other recreational facilities.

Recent Transactions

There have been notable transactions in the East Region that highlight the strong demand. For instance, a newly developed bungalow on Broadrick Road was sold for $18 million, or approximately $2,731 per square foot, setting a new price benchmark in the area. This property features modern amenities and a spacious layout, appealing to buyers looking for high-quality, well-located homes.

Price Trends

The prices of landed homes in the East Region have been on the rise. The overall landed property market in Singapore saw prices climb 3.1% year-on-year to $1,922 per square foot on the land area in 2024. This trend indicates sustained demand and a willingness among buyers to pay premium prices for these properties.

Redevelopment Potential

Smaller landed properties, such as semi-detached houses, also see strong interest, especially those with redevelopment potential. This segment benefits from the ripple effect of the high demand for larger luxury landed properties, driving up prices and transaction volumes.

Overall, the East Region's landed property market is characterized by strong demand, driven by the area's attractiveness, limited supply, and the desire for exclusive, well-located homes.