As the real estate market continues to evolve, you’ll find that private home prices in the city fringe, or the Rest of Central Region (RCR), are on an impressive upward trajectory. In the first quarter of 2025, the median price of condos in this area has reached $2,413 per square foot (psf), outpacing the Central Core Region (CCR) by a notable 9.7%.
While many might assume that prime areas would hold steady or even increase their prices, the RCR is demonstrating that it’s a strong contender with its remarkable price growth.
From the first quarter of 2022 to the first quarter of 2025, condos in the RCR have seen a staggering 32.4% increase, jumping from $1,822 psf to $2,413 psf. In stark contrast, the CCR experienced a slight decline of 1.6% during the same period.
You can’t ignore the implications of this trend. It suggests that buyers are increasingly favoring the RCR, seeking value without sacrificing location. The demand is palpable, as evidenced by the high-value transactions in this area, where 50.4% of condo transactions in the first quarter of 2025 were priced at $2 million or more.
That’s a significant rise from just 32.9% three years prior, indicating not only a willingness to invest but also a growing confidence in the market.
The strength of new condo sales in the RCR further highlights this trend. In the fourth quarter of 2024, new sale transactions accounted for a whopping 61.2% of total transactions, showcasing strong demand for new launches.
Even when there was a slight dip to 47.4% in the first quarter of 2025, it still indicates consistent interest from buyers. This demand is likely fueled by the upcoming projects on Government Land Sale sites, which are anticipated to set new benchmark prices possibly exceeding $2,800 psf.
Such projections hint at continued upward momentum, which could further entice potential buyers and investors.
You might wonder whether the RCR can maintain this growth trajectory while competing with prime areas. Given the current data and trends, it seems plausible.
The value proposition offered by the RCR—combined with its attractive amenities, accessibility, and an ever-evolving urban landscape—continues to resonate with buyers. As more people flock to this area, it becomes a self-fulfilling cycle of increased demand and rising prices.
Ultimately, if you’re considering investing in property, the RCR appears to be a promising option. With its impressive price growth, increasing transaction values, and strong demand for new launches, it’d be wise to keep a close eye on this market.
The potential for further appreciation in property values makes the city fringe an intriguing prospect for both homebuyers and investors alike.
NEW CONDO LAUNCH: BLOOMSBURY RESIDENCES
[Bloomsbury Residences](https://bloomsbury-residences.com.sg) is an upcoming condo launch poised to attract significant interest in the city fringe market, with expected prices exceeding $2,800 psf.Potential buyers can explore the [Bloomsbury Residences floor plan](https://bloomsbury-residences.com.sg/floor-plans) and detailed project information to understand the offerings better.
The launch date is highly anticipated, and the project is expected to set new pricing benchmarks in the region.
Interested individuals can view the [Bloomsbury Residences Showflat](https://bloomsbury-residences.com.sg/view-showflat) & Get VVIP Discount.
Register or contact 6100 8822 to book a showflat appointment.
News Source: Edgeprop
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