What is the current market trend for property prices in district 15? I am planning to sell my property and purchase a larger one soon

The property market in District 15 (D15) of Singapore is characterized by several favorable factors that suggest continued appreciation in property values.

Price Appreciation

Freehold landed properties in D15 have historically shown strong appreciation, with a compounded annual growth rate (CAGR) of 5.3% over the last decade. This growth is driven by the district's popularity and the limited supply of landed properties, which makes up less than 5% of the total housing stock in Singapore.

Demand and Scarcity

The demand for residential space in D15 remains high, fueled by its desirable location and limited land availability. This scarcity, combined with Singapore's rising population and strong demand for residential properties, ensures a long-term upward trajectory in property values.

Amenities and Appeal

The multi-generational appeal of D15's amenities, such as its proximity to good schools, shopping malls, and other lifestyle facilities, further enhances the value and desirability of properties in this area.

Current Market Conditions

In 2025, the overall Singapore property market is expected to see stabilizing prices with moderate growth, which aligns with the long-term trends observed in D15. With private property prices projected to grow by 4-7%, and favorable mortgage rates, it is a good time to consider divesting your current property and upgrading to a larger one.

Timing

Given the current market conditions, including falling interest rates and a stable economy, it might be an opportune time to make a move. However, it is crucial to monitor the market closely and act swiftly, as delaying could mean missing out on favorable financing terms and strategic buying opportunities.

In summary, the market in D15 is likely to continue its upward trend, making it a good time to divest and upgrade to a bigger property, especially with the current favorable market conditions.