Property Market in Katong

Katong commands prices above the Singapore-wide average. According to URA transaction records from 2022 to 2025,D15 has recorded 10,780 private residential transactions, making it one of the most actively traded districts in Singapore. The median condominium and apartment price stands at S$2.1M, which is 24% above the Singapore-wide median of S$1.7M.

The private residential market in Katong spans 8 property categories. Apartments dominate with 4,985 transactions at a median of S$1.9M, while condominiums trade at S$2.4M. 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.

Katong also has an active landed property segment. Terrace houses trade at a median of S$4.2M, semi-detached homes at S$6.4M, and detached houses at S$11M. Landed properties in Katong offer an alternative to high-rise living at prices that vary significantly with plot size and condition.

Tenure is a defining factor in Katong's property pricing. Freehold properties trade at a median of S$2.4M, while 99-year leasehold units trade at S$2.1M. That is a 12% premium for freehold, or approximately S$250K more in absolute terms.

On a per-square-metre basis, the gap narrows somewhat: freehold at S$21,639/sqm versus leasehold at S$22,886/sqm. For buyers weighing freehold versus leasehold in Katong, 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. In Katong, freehold transactions outnumber leasehold 6,977 to 3,795, reflecting the district's established freehold stock.

For condominiums and apartments in Katong, floor level creates a measurable price gradient. Units on floors 26-30 sell for a median of S$3.4M, while units on floors 01-05 sell for S$1.8M. That is a 87% premium for higher floors, worth approximately S$1.6M per unit.

In Katong, 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 Katong average S$6.84 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 ONE MEYER at S$7.17 psf.

The rental spread within Katong runs from S$6.43 psf at SEASIDE RESIDENCES to S$7.17 psf at ONE MEYER. This range reflects differences in development age, finish quality, proximity to MRT, and whether the unit is furnished. Investors evaluating gross rental yield in Katong should compare these rates against the purchase price per square foot to assess returns.

The most actively traded development in Katong is GRAND DUNMAN on DUNMAN ROAD, with 719 URA-recorded transactions at a median of S$2,358,000. EMERALD OF KATONG follows with 681 transactions at S$2,482,000.

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, Katong sits closest to Watten Estate (S$2.3M), Raffles Place (S$2.0M), Queenstown (S$2.0M). Buyers looking for a lower entry point could consider Kranji at S$1.1M, which is 96% cheaper. Those with a larger budget might look at Telok Blangah at S$2.6M.