What are the recent landed new sales price trends in District 15?

In District 15 of Singapore, the recent trends for landed properties show a mix of price ranges and types of properties. Here are some key observations:

Price Per Square Foot (psf)

• Recent listings and transactions in District 15 indicate that landed properties are selling at various price points. For example, semi-detached houses in areas like Mountbatten Road and Opera Estate are transacting at prices around $3,166 psf to $3,282 psf.
• Terraced houses, such as those on Koon Seng Road and Opera Estate, are selling at prices ranging from $2,159 psf to $2,745 psf.
• Corner terraces and other types of landed properties are also seeing prices in the range of $2,212 psf to $2,619 psf.

Freehold vs Leasehold

• The majority of the landed properties in District 15 are freehold, which tends to command higher prices due to the perpetual ownership. For instance, properties in Meyer Road, Amber Road, Katong, and Joo Chiat are generally freehold.

Location-Specific Trends

• Areas like Meyer Road and Amber Road, known for their prime locations, are seeing prices for newer developments exceeding $3,000 psf for some units. This reflects the high demand and premium pricing in these areas.
• Other areas within District 15, such as Tanjong Rhu and Marine Parade, also show strong demand, though prices can vary based on the specific location and type of property.

Overall Market Sentiment

• District 15 has traditionally been a highly sought-after area due to its proximity to the Central Business District, good schools, and amenities. This has contributed to a steady appreciation in property values over the years.

In summary, the recent sales prices for landed properties in District 15 are trending upwards, with prices per square foot ranging widely depending on the type of property, location, and tenure.