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District 1, 2 popular despite high prices. (TheStraitsTimes)

5/25/2013

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District 1, 2 popular despite high prices. Buyers have their clear favourites when searching for homes and high prices do not get in their way. The swanky offices of Raffles Place and the bright lights of Boat Quay and Chinatown give District 1 a strong appeal. The top five projects in District 1 by page views on STProperty in the May 13-19 period were all 99-year leaseholds. The top ranked by searches was The Sail @ Marina Bay, which has one-, two- and three-bedders with an average asking price of $2,573psf. URA data showed that the average transacted price per unit between Nov 1 and April 30 this year for the project was $2,247 psf. The Clift and One Shenton, which have been completed, were the next two popular searches, followed by the upcoming Marina Bay Suites and V on Shenton developments. District 2 covers another part of the CBD, spanning Anson Road, Neil Road and Tanjong Pagar.
Both freehold and 99-year leasehold projects attracted attention with the top five projects all consisting of only one- and two-bedder units. The Icon led the way with the most searches, yet the project had the lowest average asking price in the top five at $2,017 psf. Its average transacted price per unit between last November and April 30 was $1,870, according to URA data.
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