The most expensive areas to live in Singapore
Singapore boasts several exclusive and pricey neighborhoods, each with its own allure. Let’s explore some of the most expensive areas to live in the Lion City:
Nassim Road:
Located in central Singapore, Nassim Road is home to Good Class Bungalows (GCBs)—highly coveted residential properties. These GCBs are found in only 39 gazetted areas across Singapore, making them exceptionally exclusive. The average price per square foot (psf) for GCBs sold in Singapore ranges from $1,000 psf upwards. However, on Nassim Road, the average psf for GCBs sold was at least $2,000 between 2018 and 2021. Notably, a 32,160 sqft GCB freehold on Nassim Road was sold for a record-breaking $128.8 million, translating to an astonishing $4,005 psf.
Bukit Timah:
Bukit Timah is another neighborhood known for its luxurious landed properties. It’s a prime area for the wealthy, with top local and international schools nearby. Here are some notable GCBs in Bukit Timah:
Cluny Road: A 35,000 sqft GCB located on an elevated hilltop is currently on sale for $108 million ($3,085.71 psf). Surrounded by nature, it’s perfect for those who appreciate the outdoors.
Binjai Park: In 2021, one of the largest GCB plots in Binjai Park (27,320 sqft) changed hands for a whopping $36 million ($1,318 psf).
Central Area, Queenstown, and Bukit:
These districts remain the most expensive areas within Singapore. The Central Area includes iconic neighborhoods like Holland Village, Orchard Road, and Marina Bay. These locations are popular due to their proximity to commercial businesses, making it convenient for residents to walk to and from work.
