By District

Best Condos in District 1 (CBD, Marina Bay)

CBD condos in D1 (Raffles Place/Marina Bay) for investors and urban professionals.

Last updated: 16 March 2026

Overview

District 1, comprising Raffles Place and Marina Bay, serves as Singapore's primary financial core with a residential market dominated by high-rise leasehold developments. As of late 2023 and early 2024, average transaction prices in this district hover between $2,400 and $3,200 per square foot (PSF), depending on the age and proximity of the project to the waterfront. The area caters primarily to a demographic of high-net-worth individuals and urban professionals, with a total residential stock that remains limited compared to outside central regions.

Market Analysis

Transaction data from the URA Realis database indicates that District 1 properties have maintained a steady price floor, with Marina One Residences seeing median prices of approximately $2,550 PSF in recent quarters. Rental yields in the Marina Bay area currently range from 3.2% to 3.9%, which is competitive for the Core Central Region (CCR). The 60% Additional Buyer's Stamp Duty (ABSD) for foreign buyers has shifted the buyer profile toward local residents and institutional entities, yet capital values have not seen significant retracement. Resale volumes for older projects like The Sail @ Marina Bay show a consistent turnover, with prices stabilizing around $2,100 to $2,300 PSF for mid-floor units.

Most Popular Projects in This District

ProjectDistrictMedian PSFTransactionsTenure
ONE MARINA GARDENSD01 Raffles Place, Marina$2,959.32851099 years leasehold
MARINA ONE RESIDENCESD01 Raffles Place, Marina$2,320.86243099 yrs lease commencing from 2011
THE SAIL @ MARINA BAYD01 Raffles Place, Marina$1,926.0431999 yrs lease commencing from 2002
UNION SQUARE RESIDENCESD01 Raffles Place, Marina$3,176.36214299 yrs lease commencing from 1995
ONE SHENTOND01 Raffles Place, Marina$1,727.66113099 yrs lease commencing from 2005
V ON SHENTOND01 Raffles Place, Marina$2,142.13510699 yrs lease commencing from 2011
MARINA BAY RESIDENCESD01 Raffles Place, Marina$2,176.56810399 yrs lease commencing from 2005
THE CLIFTD01 Raffles Place, Marina$1,990.7817699 yrs lease commencing from 2004
PEOPLE'S PARK COMPLEXD01 Raffles Place, Marina$1,129.6755499 yrs lease commencing from 1968
MARINA BAY SUITESD01 Raffles Place, Marina$1,919.5885399 yrs lease commencing from 2007

Buyer Advice

Buyers should focus on units within a 400-meter radius of the Marina Bay or Shenton Way MRT stations to maximize potential rental demand from the CBD workforce. Investors must account for the 99-year leasehold nature of most District 1 land parcels, as lease decay can impact exit strategies for projects over 15 years old. It is advisable to analyze the price gap between District 1 and the neighboring District 2, where new launches often command a 10-15% premium over existing D1 resale stock.

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.
How do rental yields in Marina Bay compare to other CCR districts?
Rental yields in Marina Bay average between 3.2% and 3.8%, which is generally higher than the 2.5% to 3.0% yields often found in District 9 or 10. This performance is driven by the consistent demand from expatriate professionals working in the adjacent financial district.
Are there any freehold condos available for sale in District 1?
District 1 is almost exclusively composed of 99-year leasehold land due to its status as a planned commercial and financial hub. Buyers specifically seeking freehold status usually have to look toward the fringes of District 2 or District 9, as D1 land is primarily allocated through Government Land Sales (GLS) on leasehold terms.
What are the most recent condo completions in the Raffles Place and Marina area?
Marina One Residences, completed in 2017, remains one of the newest large-scale completions in the district. The upcoming Marina View Residences is the next major development expected to add significant residential stock to the area, following the successful tender of the white site by IOI Properties.
What is the impact of the 60% ABSD on District 1 property prices?
The 60% ABSD for foreigners has reduced the volume of international transactions in District 1, leading to a stabilization of prices rather than a sharp decline. Local demand and corporate purchases continue to support the $2,500+ PSF benchmark for well-maintained assets in the Marina Bay precinct.
Which District 1 condos offer the highest historical capital appreciation?
The Sail @ Marina Bay has shown significant long-term appreciation since its 2004 launch, with early prices around $900 PSF rising to current resale levels exceeding $2,200 PSF. However, more recent projects have shown slower capital growth, with returns primarily driven by high rental income rather than rapid price surges.

This guide was generated with AI assistance using real transaction data. Verify all figures independently before making decisions.

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