As the real estate market evolves, the city fringe region has emerged as a notable contender in the private home landscape, particularly for condominiums. The city fringe, often characterized by its unique blend of accessibility and relatively lower prices compared to the Central Core Region (CCR), has seen a remarkable transformation.
In the fourth quarter of 2024, the median price for condominiums in this region reached an impressive $2,466 per square foot, outperforming the CCR by 9.7%. This shift indicates not only a changing preference among buyers but also reflects the dynamic nature of the real estate market.
Between the first quarter of 2022 and the first quarter of 2025, condominiums in the city fringe experienced a substantial price growth of 32.4%, climbing from $1,822 per square foot to $2,413 per square foot. In stark contrast, CCR condominiums faced a decline of 1.6% during the same period.
Such a divergence in performance suggests that buyers are increasingly drawn to the city fringe for its perceived value and potential for future appreciation. Factors contributing to this trend may include improved infrastructure, proximity to key amenities, and the allure of more spacious living options compared to the tightly packed city center.
The growing allure of the city fringe is further evidenced by the rising proportion of high-value transactions. In the first quarter of 2025, over half (50.4%) of condo transactions in the city fringe were priced at $2 million or more, a significant increase from 32.9% three years prior.
This increase indicates a shift in buyer demographics, with wealthier individuals recognizing the potential of the city fringe as a viable alternative to more expensive prime areas. The heightened demand for luxury condominiums in the region underscores the changing landscape of homebuyers’ preferences.
In addition to price appreciation, the city fringe has also seen a marked increase in new sale condo transactions. In the fourth quarter of 2024, new sale condos accounted for 61.2% of total transactions in the region, reflecting robust demand for new launches.
This demand aligns with the trend of buyers seeking modern living spaces that offer both comfort and convenience. Upcoming projects on Government Land Sale (GLS) sites are anticipated to set new benchmark prices in the city fringe, with forecasts suggesting potential prices exceeding $2,800 per square foot.
This expectation for increased pricing further solidifies the city fringe’s position as a rising star in the real estate market.
NEW CONDO: GEMS VILLE
Gems Ville is an exciting new condo project strategically located in the city fringe, set to redefine market benchmarks with anticipated prices exceeding $2,800 psf.
This project is generating significant interest, particularly among high-value buyers, as it aligns with the notable 32.4% price growth in the region.
Prospective buyers can explore the Gems Ville Floor Plan and detailed project information through the e-brochure available online.
The official launch date is eagerly awaited, promising a premium living experience in a rapidly appreciating area.
View GEMS VILLE Today & Get VVIP Discount. Register or call 6200 6220 to view actual units today.
News Source: Edgeprop
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