In 2018, Singapore was ranked as the most important property market in ASEAN by Morgan Stanley’s research. Given this, it is not surprising that Singapore is also home to some of the most expensive properties in the world. But just how nice and expensive can homes in Singapore be? Also, how do they compare to the cheapest residences in their neighborhoods? In classic ValuePenguin fashion, we’ve collected the data on the most expensive and the cheapest homes currently listed in Singapore by neighborhood as of March 2018. If you are looking to purchase a home in Singapore, our study below might be of value.
In contrast, the cheapest residences typically cost around S$200,000 to S$1.2mn. In terms of price per square foot, expensive homes cost anywhere between S$700/sqft and S$20,000/sqft, with a median of S$1,414/sqft. This was significantly higher than S$350/sqft to S$2,210/sqft we observed for the cheapest properties, whose median was S$477/sqft.
Whether you are buying a property that costs S$20mn or one that costs $300,000, you are going to need to take out a loan from a bank to finance your purchase. To find the best deal, you could simply use our study to compare the best home loan rates available in Singapore.
Key Findings
Overall, we found that the most expensive homes in each of the 28 neighborhoods generally ranged from S$1.4 million to S$110 million, a wider range than what we observed in 2017 (S$4.4mn to S$106mn). These are ultra-fancy residences that tend to be either landed properties or penthouses of fancy new buildings.
| Neighborhood | Price (SGD) | SQFT | $/SQFT | |
|---|---|---|---|---|
| 1 | Tanglin/Holland/Bukit Timah | 110,000,000 | 52,000 | 2,115 |
| 2 | Chinatown/Tanjong Pagar | 108,000,000 | 21,108 | 5,117 |
| 3 | Alexandra/Commonwealth | 88,000,000 | 19,000 | 4,632 |
| 4 | Harbourfront/Telok Blangah | 88,000,000 | 19,869 | 4,429 |
| 5 | Newton/Novena | 70,000,000 | 5,950 | 11,765 |
| 6 | Boat Quay/Raffles Place/Marina | 60,000,000 | 11,012 | 5,449 |
| 7 | Orchard/River Valley | 55,000,000 | 9,494 | 5,793 |
| 8 | East Coast/Marine Parade | 46,999,999 | 31,000 | 1,516 |
| 9 | Clementi Park/Upper Bukit Timah/Bt. Timah | 46,000,000 | 27,000 | 1,704 |
| 10 | Ang Mo Kio/Bishan/Thomson | 35,000,000 | 25,400 | 1,378 |
| 11 | Hougang/Punggol/Sengkang | 29,000,000 | 20,000 | 1,450 |
| 12 | Beach Road/Bugis/Rochor | 27,000,000 | 11,130 | 2,426 |
| 13 | Macpherson/Potong Pasir | 23,000,000 | 20,715 | 1,110 |
| 14 | Balestier/Toa Payoh | 22,205,680 | 1,033 | 21,496 |
| 15 | Eunos/Geylang/Paya Lebar | 22,000,000 | 9,000 | 2,444 |
| 16 | Buona Vista/West Coast/Clementi | 16,988,000 | 13,900 | 1,222 |
| 17 | Dairy Farm/Bukit Panjang/Choa Chu Kang | 15,980,000 | 14,500 | 1,102 |
| 18 | Bedok/Upper East Coast | 15,000,000 | 14,376 | 1,043 |
| 19 | Seletar/Yio Chu Kang | 15,000,000 | 14,446 | 1,038 |
| 20 | Admiralty/Woodlands | 10,320,000 | 12,900 | 800 |
| 21 | Changi Airport/Changi Village | 9,200,000 | 9,000 | 1,022 |
| 22 | Pasir Ris/Tampines | 8,600,000 | 7,670 | 1,121 |
| 23 | Mandai/Upper Thomson | 7,800,000 | 9,900 | 788 |
| 24 | City Hall/Clarke Quay | 7,200,000 | 2,121 | 3,395 |
| 25 | Farrer Park/Serangoon Rd | 6,988,888 | 6,000 | 1,165 |
| 26 | Sembawang/Yishun | 6,880,000 | 6,522 | 1,055 |
| 27 | Boon Lay/Jurong/Tuas | 5,800,000 | 8,000 | 725 |
| 28 | Lim Chu Kang/Tengah | 1,365,000 | 1,133 | 1,205 |
In contrast, the cheapest residences typically cost around S$200,000 to S$1.2mn. In terms of price per square foot, expensive homes cost anywhere between S$700/sqft and S$20,000/sqft, with a median of S$1,414/sqft. This was significantly higher than S$350/sqft to S$2,210/sqft we observed for the cheapest properties, whose median was S$477/sqft.
| Neighborhood | Price (SGD) | SQFT | $/SQFT | |
|---|---|---|---|---|
| 1 | Harbourfront/Telok Blangah | 188,000 | 334 | 563 |
| 2 | Admiralty/Woodlands | 199,000 | 460 | 433 |
| 3 | Boon Lay/Jurong/Tuas | 200,000 | 474 | 422 |
| 4 | Alexandra/Commonwealth | 210,000 | 495 | 424 |
| 5 | Macpherson/Potong Pasir | 210,000 | 484 | 434 |
| 6 | Bedok/Upper East Coast | 210,000 | 484 | 434 |
| 7 | Balestier/Toa Payoh | 210,000 | 463 | 454 |
| 8 | East Coast/Marine Parade | 210,000 | 452 | 465 |
| 9 | Sembawang/Yishun | 210,000 | 430 | 488 |
| 10 | Ang Mo Kio/Bishan/Thomson | 218,000 | 473 | 461 |
| 11 | Dairy Farm/Bukit Panjang/Choa Chu Kang | 240,000 | 688 | 349 |
| 12 | Eunos/Geylang/Paya Lebar | 245,000 | 485 | 505 |
| 13 | Buona Vista/West Coast/Clementi | 248,000 | 474 | 523 |
| 14 | Beach Road/Bugis/Rochor | 248,000 | 452 | 549 |
| 15 | Hougang/Punggol/Sengkang | 250,000 | 689 | 363 |
| 16 | Seletar/Yio Chu Kang | 250,000 | 538 | 465 |
| 17 | Pasir Ris/Tampines | 270,000 | 484 | 558 |
| 18 | Boat Quay/Raffles Place/Marina | 288,000 | 786 | 366 |
| 19 | Tanglin/Holland/Bukit Timah | 290,000 | 645 | 450 |
| 20 | Changi Airport/Changi Village | 300,000 | 730 | 411 |
| 21 | Farrer Park/Serangoon Rd | 330,000 | 635 | 520 |
| 22 | Chinatown/Tanjong Pagar | 430,000 | 635 | 677 |
| 23 | Newton/Novena | 499,998 | 904 | 553 |
| 24 | Clementi Park/Upper Bukit Timah/Bt. Timah | 509,999 | 398 | 1,281 |
| 25 | Orchard/River Valley | 738,000 | 334 | 2,210 |
| 26 | Mandai/Upper Thomson | 748,000 | 517 | 1,447 |
| 27 | Lim Chu Kang/Tengah | 761,000 | 1,012 | 752 |
| 28 | City Hall/Clarke Quay | 1,200,000 | 806 | 1,489 |
Whether you are buying a property that costs S$20mn or one that costs $300,000, you are going to need to take out a loan from a bank to finance your purchase. To find the best deal, you could simply use our study to compare the best home loan rates available in Singapore.
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