24/07/2025
🏙️ Local Buyers Are Driving Prime District Condo Market Recovery 🏙️
Despite high ABSD rates deterring foreign investors, Singaporeans are stepping up to support the luxury property segment — and the results are showing. A strong example: Upperhouse and The Robertson Opus saw over 30% units sold during their launch weekend, proving demand for well-located, well-priced homes remains strong when aligned with buyer affordability.
📉 With SORA rates dipping and mortgage rates easing, more local buyers are jumping back in. The price gap between prime and city fringe areas has also narrowed, making the Core Central Region (CCR) a compelling value proposition for both homeowners and investors.
💡 Even new launches like RiverGreen (from $2,846 psf) and Promenade Peak (from $2,680 psf) show how prime addresses can still offer entry points below $3,000 psf — a rare find today.
🔑 Key Takeaways:
Local demand now dominates the prime market, replacing foreign buyers.
Falling rates and narrowing price gaps fuel renewed interest in CCR.
Attractive launch pricing below $3,000 psf makes select CCR projects competitive with RCR.
📲 Want to explore these exciting new launches in D9, D10 & D3? Drop me a message — I’ll be happy to share e-brochures, floorplans, and secure your private showflat preview slot.
https://www.straitstimes.com/singapore/housing/local-buyers-are-key-to-recovery-of-prime-district-condo-market
The dry spell afflicting prime district condos appears to be lifting. Read more at straitstimes.com. Read more at straitstimes.com.