Is a psf near $3000 considered healthy

No, a price per square foot (psf) near $3,000 is not considered healthy for the broader Singapore private residential market, as it significantly exceeds current islandwide averages and typical transaction levels.

Islandwide condo resale prices averaged $1,778 psf last year, reflecting modest 4.2% year-on-year growth amid cooling private home price rises of 3.3-3.4% for 2025. New launch pricing, such as at Coastal Cabana EC, hovered around $1,639-$1,649 psf, while even premium freehold developments reached about $2,400 psf—still below $3,000 psf. Suburban and mixed-use projects in 2026 are unlikely to push averages that high, given 2025 GLS land rates at $1,240 psf per plot ratio, which supports more affordable end pricing after construction costs.

Such elevated psf levels signal potential overpricing or niche luxury segments (e.g., prime districts), risking poor rental yields, resale stagnation, or losses if market growth slows further, as seen in unprofitable condos. For healthy investments on EdgeProp Singapore, target properties aligning closer to prevailing averages for better affordability and appreciation potential.