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In Singapore’s financial district, residential property gains are far from guaranteed

Gerine Tang Yi Qian
Gerine Tang Yi Qian • 8 min read
In Singapore’s financial district, residential property gains are far from guaranteed
154 resale transactions at The Sail @ Marina Bay were profitable, with gains ranging from $2,480 to $2.7 million; while 98 deals recorded losses of between $1,100 and $1.18 million in absolute terms. Photo: Albert Chua/The Edge Singapore
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Encompassing the downtown core and Singapore’s high-end residential enclaves, the Core Central Region (CCR) is widely regarded as housing some of the country’s most prestigious addresses. At its heart lies District 1 — home to Marina Bay, Raffles Place and the financial centre.

By reputation alone, one might expect the district to command some of the strongest demand and deliver the most resilient price growth. Yet the performance of homes in the district tells a different story.

While Singapore’s prime residential market has enjoyed steady growth in recent years, properties located in the financial core itself have not always kept pace with developments.

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