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District 01

Raffles Place, Marina

Properties and insights for Singapore's District 01 — Raffles Place, Marina.

Avg PSF

$2,706

Min Price

$580K

Max Price

$30.87M

Transactions (24m)

1,051

Market & Investment Analysis

District 1 in the Core Central Region (CCR) shows a median PSF of $2,779 and a median price of $2,070,900, supported by 270 transaction volumes that indicate active market demand. Supply remains limited as the district is dominated by high-rise leasehold developments, with new launches like One Marina Gardens priced between $2,800 and $3,500 PSF. The 60% Additional Buyer's Stamp Duty (ABSD) for foreign buyers has shifted buyer profiles toward local residents and institutional entities, maintaining steady price floors without significant retracement.

Compare with Nearby Districts

DistrictAvg PSFTransactions (24m)vs Current
D01 Raffles Place, Marina(current)$2,7061,051—
D02 Tanjong Pagar, Chinatown$2,554554-6%
D07 Beach Road, Bugis$2,390269-12%
D06 City Hall, Clarke Quay$3,02649+12%

PSF comparison based on private non-landed transactions in the last 24 months. Green = lower PSF than current district.

Top Condos & Private Projects

Emerald Garden

Club Street

Marina Bay Residences

Marina Boulevard

Marina Bay Suites

Central Boulevard

Marina One Residences

Marina Way

One Marina Gardens

Marina Gardens Lane

One Shenton

Shenton Way

People'S Park Centre

Upper Cross Street

People'S Park Complex

Park Road

Riverwalk Apartments

Upper Circular Road

Robinson Suites

Robinson Road

Skywaters Residences

Prince Edward Road

The Clift

Mccallum Street

The Riverside Piazza

Keng Cheow Street

The Sail @ Marina Bay

Marina Boulevard

Union Square Residences

Havelock Road

V on Shenton

Shenton Way

The Platinum

Upper Cross Street

Fook Hai Building

South Bridge Road

Allan Ville

Gemmill Lane

Boat Quay Conservation Area

Boat Quay

Recent Transactions

ProjectPricePSFArea (sqft)Date
The Sail @ Marina Bay$1.16M$1,7676572026-03-16
The Sail @ Marina Bay$1.70M$1,9798612026-03-12
One Marina Gardens$2.08M$2,9337102026-03-09
One Marina Gardens$2.73M$3,0259042026-03-08
One Marina Gardens$2.92M$2,8831,0122026-03-07

Lifestyle & Neighbourhood

The neighbourhood serves as Singapore's primary financial core in Raffles Place and Marina Bay, offering proximity to key amenities such as Tiong Bahru, Havelock, Maxwell, Chinatown, and Clarke Quay. Residents benefit from short walks to Gardens by the Bay MRT and access to urban professional demographics, with rental yields in Marina Bay ranging from 3.2% to 3.9%.

Frequently Asked Questions

What is the average entry price for a one-bedroom condo in District 1?
A one-bedroom unit in District 1 typically starts at approximately $1.4 million for older developments, while newer premium projects like Marina One Residences often require a minimum outlay of $1.7 million. These prices reflect a PSF range of $2,300 to $2,800 for units between 500 and 700 square feet.
What is the estimated gross rental yield for District 1 condos?
The estimated gross rental yield for District 1 is 3.1%, with specific Marina Bay area yields ranging from 3.2% to 3.9%. This is competitive for the Core Central Region and aligns with the broader market average of 3.14%.
How does the median PSF in District 1 compare to other districts?
District 1 has a median PSF of $2,398 based on recorded URA transactions, with a current range of $2,400 to $3,200 PSF. This is significantly higher than Outside Central Region districts (OCR) at $1,100–$1,600 PSF and comparable to other CCR districts like D9 ($2,500–$4,000+ PSF).
Which projects in District 1 have the highest transaction volumes?
ONE MARINA GARDENS has the highest transaction volume with 510 txns, followed by MARINA ONE RESIDENCES with 430 txns and THE SAIL @ MARINA BAY with 319 txns. UNION SQUARE RESIDENCES has 142 txns, while ONE SHENTON has 130 txns.

District analysis generated with AI assistance using real transaction data. Verify all figures independently before making decisions.