2023 Q1 – 2025 Q4

Market Overview

Quarterly transaction volume, median price per square foot, and total transaction value across Districts 9, 10 and 11. Toggle districts using the filters on each chart.

Quarterly Trends

Transaction Volume

Number of caveats lodged per quarter

2023Q22023Q42024Q22024Q42025Q22025Q402505007501000
  • D09 · Orchard
  • D10 · Bukit Timah
  • D11 · Novena

Median Price per Square Foot (S$)

Quarterly median PSF across all transaction types

2023Q22023Q42024Q22024Q42025Q22025Q4$0$800$1,600$2,400$3,200
  • D09 · Orchard
  • D10 · Bukit Timah
  • D11 · Novena

Total Transaction Value (S$ Million)

Aggregate transaction value per quarter

2023Q12023Q22023Q32023Q42024Q12024Q22024Q32024Q42025Q12025Q22025Q32025Q4$0M$1000M$2000M$3000M$4000M
  • D09 · Orchard
  • D10 · Bukit Timah
  • D11 · Novena

Annual Summary

Annual Median PSF by District

Year-over-year price comparison

202320242025$0$750$1,500$2,250$3,000
  • D09 Median PSF
  • D10 Median PSF
  • D11 Median PSF

Annual Transaction Count by District

Volume of caveats lodged per year

202320242025045090013501800
  • D09 Transactions
  • D10 Transactions
  • D11 Transactions

Market Composition

Sale Type Mix by District

New Sale, Sub Sale, and Resale breakdown

D09
New
40.9%
Resale
57.3%
Sub
1.8%
D10
New
36.9%
Resale
61.5%
Sub
1.6%
D11
New
31.8%
Resale
67.0%
Sub
1.3%

Tenure Mix by District

Freehold vs. Leasehold breakdown

D09
99yr LH
34.2%
999yr LH
11.7%
Freehold
51.4%
Other
2.7%
D10
99yr LH
41.5%
999yr LH
6.2%
Freehold
51.6%
Other
0.7%
D11
99yr LH
11.5%
999yr LH
0.8%
Freehold
87.6%

Floor Level Premium — Median PSF by Floor Band

How PSF varies with floor level across districts

01-0506-1011-1516-2021-2526-3031-3536-4041-4546-5051+
  • D09 · Orchard
  • D10 · Bukit Timah
  • D11 · Novena

Note: Radar chart shows relative PSF by floor band. Higher floors generally command a premium, particularly in D09 and D10.

Key Market Insights

District 9 — Orchard / Cairnhill

Strongest absolute PSF appreciation at +10.6% from 2023 to 2025. Transaction volume peaked in 2023 Q1 with new launch activity, then normalised. Resale market dominates in 2024–2025.

District 10 — Ardmore / Bukit Timah

Highest transaction volume district with 4,026 transactions. Steady +9.1% PSF growth. Freehold properties dominate at over 60% of transactions, supporting price resilience.

District 11 — Watten / Novena

Headline PSF appears to decline due to composition shift — 2023 was skewed by high-PSF new launches (Watten House at ~$3,289 PSF). Underlying resale market remains stable.

Floor Level Premium

Higher floors command a meaningful premium across all districts. D09 shows the steepest floor premium curve, with units above 30 floors trading at significantly higher PSF than lower floors.