Property Market in Pasir Panjang

Pasir Panjang sits in the middle of Singapore's residential price spectrum. According to URA transaction records from 2022 to 2025,D05 has recorded 7,855 private residential transactions, making it a highly active market with strong transaction volume. The median condominium and apartment price stands at S$1.7M, which is roughly in line with the Singapore-wide median of S$1.7M.

Pasir Panjang is an area located at the southern part of Queenstown in Singapore. Kent Ridge Park is a topographical feature which runs adjacent to Pasir Panjang.

The private residential market in Pasir Panjang spans 7 property categories. Apartments dominate with 5,494 transactions at a median of S$1.8M, while condominiums trade at S$1.5M. The distinction between condominiums and apartments in Singapore is largely regulatory (condominiums must meet a minimum land area of 4,000 sqm and include recreational facilities), but prices also reflect differences in unit size and development scale.

Pasir Panjang also has an active landed property segment. Terrace houses trade at a median of S$4.2M, semi-detached homes at S$5.6M, and detached houses at S$7.3M. Landed properties in Pasir Panjang offer an alternative to high-rise living at prices that vary significantly with plot size and condition.

Tenure is a defining factor in Pasir Panjang's property pricing. Freehold properties trade at a median of S$2.1M, while 99-year leasehold units trade at S$1.7M. That is a 23% premium for freehold, or approximately S$388K more in absolute terms.

On a per-square-metre basis, the gap narrows somewhat: freehold at S$19,027/sqm versus leasehold at S$20,476/sqm. For buyers weighing freehold versus leasehold in Pasir Panjang, the key question is time horizon. Freehold properties hold value over decades and face no lease decay, but new 99-year leasehold developments often offer modern facilities and layouts at a lower entry price. New leasehold launches have been active in Pasir Panjang, with 6,541 transactions versus 1,025 freehold.

For condominiums and apartments in Pasir Panjang, floor level creates a measurable price gradient. Units on floors B1-B5 sell for a median of S$8.1M, while units on floors 31-35 sell for S$1.7M. That is a 386% premium for higher floors, worth approximately S$6.4M per unit.

In Pasir Panjang, the high-floor premium reflects better ventilation, natural light, reduced noise, and improved views. Buyers targeting a specific development can use this gradient to estimate how much they save by choosing a mid-floor unit instead of a top-floor one.

Rental rates in Pasir Panjang average S$6.65 psf per square foot per month, placing the district above-average rental rates, indicating solid demand from both local and expatriate tenants. The highest rents are commanded by VIVA VISTA at S$7.56 psf.

The rental spread within Pasir Panjang runs from S$6.13 psf at NORMANTON PARK to S$7.56 psf at VIVA VISTA. This range reflects differences in development age, finish quality, proximity to MRT, and whether the unit is furnished. Investors evaluating gross rental yield in Pasir Panjang should compare these rates against the purchase price per square foot to assess returns.

The most actively traded development in Pasir Panjang is NORMANTON PARK on NORMANTON PARK, with 1310 URA-recorded transactions at a median of S$1,622,050. PARC CLEMATIS follows with 661 transactions at S$1,900,000.

High transaction volumes typically indicate active secondary markets with good liquidity. Buyers who may need to sell within a few years should consider developments with proven resale activity, as these tend to attract a broader pool of buyers when the time comes.

In pricing terms, Pasir Panjang sits closest to Bishan (S$1.7M), Upper Thomson (S$1.8M), Anson (S$1.6M). Buyers looking for a lower entry point could consider Kranji at S$1.1M, which is 58% cheaper. Those with a larger budget might look at Telok Blangah at S$2.6M.