District 8
There are 88 condos in District 8 of which, 77 were freehold projects. In the last 36 months, a total of 951 private property transactions were completed. Approximately 90% of District 8 comprises public housing, with resale flats ranging from $600,000 to $1.2 million for a 5-room unit. The district has limited condo options, with only a handful of condominiums available, averaging $1,400 to $1,750 per square foot (psf), mainly concentrated near Farrer Park MRT. Landed houses are scarce in District 8, with around 7 properties currently available, commanding premium prices due to their exclusivity and spaciousness.
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.
Condos and ECs in District 8
Further analysis
District 8, also known as Little India, is a vibrant and culturally rich area in Singapore that offers a unique blend of cultural immersion and property potential in the city's property market. The district is predominantly characterized by its housing options, investment potential, and rich cultural heritage.
Little India has become a major tourist attraction where people can enjoy authentic Indian cuisine and buy beautiful imported Arabian textiles. What many people overlook about Little India is that property here is a great investment due to its close proximity to the city, without the huge prices. An average condominium in District 8 like you would find at Oxford Suites or Cityscape is priced from $1,750 psf for a 1-bedroom unit. You can also find 3-bedroom units ranging from $1,450 to $1,550 psf.
Investment Potential
- Emerging Commercial Developments: Upcoming projects like Tekka Place and the Jalan Besar rejuvenation plan could boost the area's appeal, presenting opportunities for investment in commercial developments.
- Excellent Connectivity: The district benefits from excellent connectivity, with MRT stations like Farrer Park and Little India providing convenient access to the city center and business districts, enhancing its investment potential.
- Rich Cultural Heritage: Little India's vibrant atmosphere and ethnic charm attract tourists and residents seeking a distinct living experience, adding to its investment appeal.
- New Launches and Projects: Several new launch condos and landed developments are available in District 8, particularly in the Farrer Park and Serangoon Road area. These projects offer a mix of modern and traditional businesses operating out of conserved shophouses, including cafes, offices, hotels, and restaurants.
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