Property market in Raffles Place
An analysis of 1,650 private property transactions in Raffles Place, covering condos, apartments and landed property. Prices, tenure splits, floor-level premiums, rental rates and top developments. All data from URA.
What are property prices in Raffles Place (D01)?
The median private residential property price in Raffles Place is S$2.0M, based on 1,650 URA-recorded transactions. Freehold trades at S$1.3M while 99-year leasehold costs S$2.0M, a 34% tenure premium. Average monthly rent is S$6.49 psf psf. Raffles Place sits 18% above the Singapore-wide median of S$1.7M. The most actively traded development is ONE MARINA GARDENS, with 524 transactions.
D01 spans 2 property categories. Apartments lead with 1,485 transactions at a median of S$1.9M.
Freehold vs leasehold
Tenure is a defining factor in Raffles Place's pricing. Freehold trades at a 34% premium, roughly S$675K more in absolute terms. Freehold transactions number 18 to leasehold's 1,609.
Floor-level pricing
For condos and apartments, floor level creates a measurable price gradient. Units on 66-70 sell for a median of S$3.5M, while 11-15 sell for S$1.7M, a 106% premium worth roughly S$1.8M per unit.
Rental market
Rents average S$6.49 psf psf per month. Across the most-rented developments the range runs from S$6.80 psf to S$7.52 psf psf.
Most traded developments
High transaction volume signals an active secondary market with good liquidity. Buyers who may sell within a few years should weight proven resale activity.
What this means for buyers
At S$2.0M, Raffles Place sits above the Singapore private-market median. You get established character and access relative to prime districts.
High floors cost 106% more than low floors. Budget-conscious buyers can save around S$1.8M by choosing a lower floor in the same development.
Frequently asked questions
What is the average condo price in Raffles Place (D01)?
The median condominium and apartment price is S$2.0M, based on 1,650 URA-recorded transactions. Prices range widely depending on unit size, tenure and development.
How many property transactions were recorded in Raffles Place?
URA records show 1,650 private residential transactions in D01, covering apartments, condominiums and landed properties.
What are the most popular developments in Raffles Place?
By URA transaction volume: ONE MARINA GARDENS (524 transactions, median S$1,996,600), THE SAIL @ MARINA BAY (260 transactions, median S$1,650,000), MARINA ONE RESIDENCES (195 transactions, median S$1,776,600).
What types of property are available in Raffles Place?
2 categories with recorded transactions: apartment, condominium. Apartments are the largest segment at 1,485 transactions.
We ranked the top-performing agents in D01 on transaction records, area expertise and verified reviews.
Selling in Raffles Place?
Enter your postal code to compare the ranked agents who actually sell here, then contact the ones you choose.