To determine the price per square foot (psf) increase for a specific property like The Alps Residences over the last 5 years, you would need to look at the historical transaction data.
Here is a general outline of how prices might have changed:
- In 2019, when The Alps Residences was newly launched, the prices were generally lower. For instance, early sales were around $1,000 to $1,200 psf.
- By 2021, prices had started to rise due to market recovery and demand. Average prices could have been around $1,200 to $1,400 psf.
- As of the recent data, average sale prices for The Alps Residences have been around $1,500 to $1,700 psf.
Given this information, here is a rough estimate of the price psf increase:
- From around $1,000 to $1,200 psf in 2019 to $1,500 to $1,700 psf in 2024, the price psf has increased by approximately 25% to 42% over the last 5 years.
This reflects the overall market trends and the increasing demand for residential properties in Singapore. For precise and up-to-date figures, you can use the market trends and analytics tools available on EdgeProp.sg.
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