Property How Much © 2023
There are 28 condos in District 7 of which, 3 were freehold projects. In the last 36 months, a total of 616 private property transactions were completed. District 7 has been the most valuable player (MVP) of Singapore's private property market over the past decade. The development of the Ophir-Rochor corridor has been a key driver of renewal in the area, leading to higher prices per square foot than even District 1. The average price per square foot (psf) in District 7 ranges from $1,395 to $2,753, reflecting a substantial increase of 97.3% over the past decade. This growth has outperformed many other districts in Singapore, making District 7 an area of significant interest for property investors.
Browsing by districts is very useful for understanding price trends but can sometimes be disorientating as some condos maybe in different districts despite being a street apart. This is often because of the way the districts are subdivided in the past. If you're having trouble orientating, you might want to browse by MRT stations instead.
District 7, also known as the Rochor / Bugis area, is a vibrant and diverse district in the Singapore property market. It is characterized by a colorful kaleidoscope of high-rise office buildings and old-world charm, making it an attractive location for both commercial and residential properties. Over the past decade, District 7 has emerged as a standout performer in Singapore's private property market, experiencing significant appreciation in property prices.
Despite its strong performance, it's important to note that District 7, along with the rest of the Singapore property market, is subject to various factors that can influence its future trajectory. Government interventions, such as the Additional Buyer’s Stamp Duty (ABSD) and Loan-to-Value (LTV) ratios, have historically been used to regulate the property market and could impact demand and prices in the future.
