Finding Hidden Gems in Singapore’s Private Housing Market
Amid high asking prices and an apparent lack of suitable inventory, pockets of opportunity in Singapore’s housing market abound, allowing today’s buyers to find an ideal home that matches their lifestyles and budgets
28 August 2024
It can be argued that one’s “dream home” can forever remain elusive. After all, as life evolves over the years, so do our needs and those of our family. Naturally, there are popular zones around the island that many homebuyers, both locals and foreigners, gravitate towards. Traditional prime districts 9, 10 and 11 tend to jostle for pole position at the top of the list, followed by the Central Business District (CBD) and Sentosa.
Other popular areas include Bukit Merah/Queenstown in the west, Toa Payoh in the north and Marine Parade in the east. In these neighbourhoods, public infrastructure is already highly developed, promising established communities and easy access to MRT Stations.
Those in the market for private housing have had to grapple with supply shortages arising from the pandemic; in recent years, shortages caused the URA Private Residential Price index to increase some 31.2% between 2020 and 2023.
Hack your househunt
A slight shift in mindset can reverse perceptions of Singapore’s private housing market. Potential homebuyers willing to broaden their geographical lens will discover new neighbourhoods of opportunity.
Read full report here.
