Private Condominium Guide for Raffles Place
2026 market analysis, pricing trends, and property marketing insights for District 1 — Raffles Place, Cecil, Marina, People's Park.
Private Condominium Market Overview — Raffles Place
The private condominium market in Raffles Place (District 1) sits within Singapore's Core Central Region. As of 2026, the median transaction price is $3.5M with a per-square-foot rate of $2,800 PSF, reflecting a +1.8% yoy change in prices compared to the previous year.
Raffles Place is known for Singapore's financial district, iconic Marina Bay Sands skyline, premium Grade A offices. The area is served by Raffles Place MRT, Marina Bay MRT, Downtown MRT on the East-West Line, North-South Line, providing excellent connectivity across Singapore.
Private residential developments with shared facilities like swimming pools, gyms, and security. Condominiums offer a premium lifestyle with full condo facilities and are popular with both locals and foreigners.
About Raffles Place — District 1
MRT Connectivity
- Raffles Place MRT East-West Line
- Marina Bay MRT North-South Line
- Downtown MRT Downtown Line
Key Amenities
- Marina Bay Sands
- Fullerton Hotel
- Esplanade
- Merlion Park
- CBD offices
Why Property Agents Should Know Raffles Place
- Singapore's financial district
- iconic Marina Bay Sands skyline
- premium Grade A offices
- luxury waterfront living
Understanding the private condominium market in Raffles Place helps agents provide informed advice to buyers and sellers, set realistic price expectations, and create compelling marketing content for listings in District 1.
Private Condominium — Key Facts
| Property Category | Private |
| Typical Size | 500-2,500 sq ft |
| Eligible Buyers | Singapore Citizens, PRs, and Foreigners (with ABSD) |
| Financing | Up to 75% LTV with bank loan |
| MOP / Restrictions | None for private purchases |
Property Marketing Resources
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Try PostAI FreeFrequently Asked Questions
The median private condominium price in Raffles Place is approximately $$3.5M, with a median price per square foot of $2800 PSF. Prices have moved 1.8% year-on-year.
Several new launch condominiums may be available in Raffles Place. Check with property agents specialising in this area for the latest launches, showflat schedules, and early-bird pricing.
Rental yields for condominiums in Raffles Place typically range from 2.5% to 4.0% depending on the unit size, age of development, and proximity to MRT stations (Raffles Place MRT, Marina Bay MRT).
Yes, foreigners can purchase private condominiums in Raffles Place. However, they are subject to Additional Buyer's Stamp Duty (ABSD) of 60% for residential properties.
Condominiums in Raffles Place benefit from Singapore's financial district, iconic Marina Bay Sands skyline. The area is well-served by East-West Line, North-South Line, making it attractive for both owner-occupiers and investors seeking rental income.