HDB Resale Flat Guide for Raffles Place
2026 market analysis, pricing trends, and property marketing insights for District 1 — Raffles Place, Cecil, Marina, People's Park.
HDB Resale Flat Market Overview — Raffles Place
The hdb resale flat market in Raffles Place (District 1) sits within Singapore's Core Central Region. As of 2026, the median transaction price is $680,000 with a per-square-foot rate of $750 PSF, reflecting a +3.2% 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.
Government-built public housing flats sold on the resale market. HDB resale flats are the most common property type in Singapore, housing about 80% of the resident population.
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 hdb resale flat 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.
HDB Resale Flat — Key Facts
| Property Category | HDB |
| Typical Size | 700-1,300 sq ft |
| Eligible Buyers | Singapore Citizens and Permanent Residents |
| Financing | Up to 80% LTV with HDB loan or 75% with bank loan |
| MOP / Restrictions | 5 years (MOP) |
Property Marketing Resources
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Try PostAI FreeFrequently Asked Questions
The median HDB resale price in Raffles Place is approximately $$680,000, with a median price per square foot of $750 PSF. Prices have changed by 3.2% year-on-year.
On average, HDB resale flats in Raffles Place take 3-6 months to sell, depending on pricing, condition, and market demand. Well-priced units in popular blocks can sell within weeks.
Yes, Singapore Permanent Residents can buy HDB resale flats. However, PRs cannot buy new BTO flats. PRs buying resale flats in Raffles Place should budget for the prevailing market rates.
The best HDB blocks in Raffles Place typically feature unblocked views, proximity to MRT stations (Raffles Place MRT, Marina Bay MRT), and nearby amenities. High-floor corner units with good ventilation command premium prices.
Property agents in Raffles Place report steady demand for HDB resale flats, driven by Singapore's financial district, iconic Marina Bay Sands skyline. The area offers good connectivity via East-West Line, North-South Line and comprehensive amenities.