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Which part of the west in particular?

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When comparing the price trends of condos in the East and West regions of Singapore over the last 10 years, here are some key observations:

East Region

  • The East region, which includes districts such as Bedok, Upper East Coast, and Marine Parade, has seen a steady increase in condo prices. This area is popular due to its proximity to the city, good transportation links, and amenities.
  • Projects in this region, such as those in District 15 (Katong, Joo Chiat, Amber Road), have maintained a strong demand, leading to relatively stable and increasing prices. For example, average prices in District 15 have ranged from around $1,200 to $1,800 per square foot over the past decade, with some recent launches achieving higher prices due to improved amenities and location.

West Region

  • The West region, encompassing areas like Clementi, Jurong, and Bukit Timah, has also experienced growth in condo prices, although the pace can vary depending on the specific district.
  • District 21 (Upper Bukit Timah, Clementi Park, Ulu Pandan) has seen significant development and price increases, driven by new launches and improved infrastructure. For instance, projects in this area have average prices ranging from $1,500 to $2,500 per square foot.
  • District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) has also witnessed growth, with new launches like ELTA in Clementi contributing to the upward trend in prices.

General Trends

  • Both regions have benefited from government initiatives to enhance public transportation and amenities, which has positively impacted property prices.
  • The West region, particularly areas around Jurong and Clementi, has seen a boost due to the development of the Jurong Innovation District and other infrastructure projects.
  • Overall, while both regions have seen price increases, the East region tends to be more stable and consistently in demand, whereas the West region has shown more variability but with significant growth in certain areas.
For the most accurate and up-to-date price trends, using tools like EdgeProp's market trends tracker and historical property data can provide detailed insights into specific districts and projects.
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