Private home prices in the city fringe, particularly in the Rest of Central Region (RCR), have demonstrated significant growth, reflecting a robust demand for residential properties. Recent data indicates that the median price of condominiums in RCR reached an impressive $2,466 per square foot (psf) in the fourth quarter of 2024, outperforming the Central Core Region (CCR) by 9.7%. This upward trend signals a shift in buyer preferences and investment strategies, as more individuals seek properties beyond the traditionally sought-after prime areas.
The price trajectory of RCR condos has been remarkable, showcasing a staggering growth of 32.4% from $1,822 psf in the first quarter of 2022 to $2,413 psf in the first quarter of 2025. In contrast, CCR condos experienced a decline of 1.6% during this same timeframe, highlighting a clear divergence in market performance. This growth in the RCR may be attributed to various factors, including the area’s strategic location, accessibility, and the availability of amenities that cater to modern living.
A significant indicator of the evolving market dynamics in RCR is the high proportion of transactions occurring at elevated price points. As of the first quarter of 2025, over half (50.4%) of condo transactions in the RCR were priced at $2 million or more. This trend not only underscores the increasing demand for high-value properties but also reflects a growing confidence among buyers willing to invest in the city fringe. The willingness to spend at this level may be influenced by the perception of RCR as a viable alternative to the more traditional luxury markets of CCR.
Moreover, the strong demand for new condominium launches within RCR is evidenced by the fact that new sale transactions accounted for 61.2% of total transactions in the fourth quarter of 2024. This preference for newly launched developments suggests that buyers are actively seeking modern amenities and designs that come with fresh constructions. Consequently, the ongoing interest in new projects may further enhance the appeal of RCR, attracting both owner-occupiers and investors alike.
Looking ahead, the potential for future price benchmarks in RCR appears promising. Upcoming projects on Government Land Sale (GLS) sites are anticipated to set new benchmark prices that could exceed $2,800 psf. Such developments would not only reinforce the upward price trend but also position RCR as a competitive market in comparison to CCR.
As these new projects materialize, they are likely to generate additional interest and excitement among buyers, further solidifying the region’s status as a desirable residential locale.
NEW CONDO LAUNCH: SPRINGLEAF MODERN
Springleaf Modern is an exciting new condo launch that is set to capture the attention of homebuyers in the city fringe.
With competitive pricing expected to set new benchmarks, the project is anticipated to offer appealing floor plans and premium features.
As demand for high-value transactions rises, Springleaf Modern is well-positioned to attract buyers who prioritize aesthetic and quality.
For more information, including the Springleaf Modern E-brochure and project details, potential buyers can explore the offerings.
View SPRINGLEAF MODERN ShowFlat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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