Different property groups

[dragon]

Hi Dennis,

In newspaper reports, the property market analysts always mention 3 different groupings of condos: high-end, mid-tier and mass-market. May I pls know whether they are grouped according to PSF value or District (eg. 11) or Region (eg. Core Central Region)? Perhaps from the following I will be able to learn from you better:
1) high-end is defined as:
2) mid-tier is defined as:
3) mass-market is defined as:

Separately, may I pls know whether Sentosa and Marina Bay are part of the Core Central Region? Thanx in advance!

[Dennis Ng]

Hi Dennis,

In newspaper reports, the property market analysts always mention 3 different groupings of condos: high-end, mid-tier and mass-market. May I pls know whether they are grouped according to PSF value or District (eg. 11) or Region (eg. Core Central Region)? Perhaps from the following I will be able to learn from you better:
1) high-end is defined as:
2) mid-tier is defined as:
3) mass-market is defined as:

Separately, may I pls know whether Sentosa and Marina Bay are part of the Core Central Region? Thanx in advance!

There is no specific definition actually.

Traditionally, high end refers to district 9 and 10, now it also includes Marina and area near Sentosa. High end also typically means properties selling at psf over S$2,000. Yes, I think they include Sentosa and Marina into the Core Central region.

Mid-tier refers to properties selling between S$1,000 to less than S$2,000.

Mass market means anything selling below S$1,000 psf. Also typically refers to suburban condos.

[dragon]

Hi Dennis,

In newspaper reports, the property market analysts always mention 3 different groupings of condos: high-end, mid-tier and mass-market. May I pls know whether they are grouped according to PSF value or District (eg. 11) or Region (eg. Core Central Region)? Perhaps from the following I will be able to learn from you better:
1) high-end is defined as:
2) mid-tier is defined as:
3) mass-market is defined as:

Separately, may I pls know whether Sentosa and Marina Bay are part of the Core Central Region? Thanx in advance!

There is no specific definition actually.

Traditionally, high end refers to district 9 and 10, now it also includes Marina and area near Sentosa. High end also typically means properties selling at psf over S$2,000. Yes, I think they include Sentosa and Marina into the Core Central region.

Mid-tier refers to properties selling between S$1,000 to less than S$2,000.

Mass market means anything selling below S$1,000 psf. Also typically refers to suburban condos.

I understand now, thanx Dennis!

[ui21cn]

"Separately, may I pls know whether Sentosa and Marina Bay are part of the Core Central Region? Thanx in advance!"

With reference to the MasterPlan:-
There is Central Region and within the central region there is Central Area

Marina Bay is part of the Central Area ( core central ) but Sentosa is in the Central Region ( not core central ).
For URA pricing data, they use Core Central Region which cover downtown core, D9,10,11 and Sentosa.
Gues it life more interesting right
The area does affect the over-all pricing but it is very much depend on each individual development attractiveness

Rgds,
Wei Teck

[danielcheng]

Frankly, i view Sentosa as being "special" and harder to draw comparison. that's why it's the only place a foreigner can buy a piece of landed property.

The target audience may not be the same as those in mainland Singapore(may even not be dist9&10) and the convenience of being "central" is not important. I've been there for dinners and for me, it is super inconvenient from an average Singaporean's perspective.

But, I guess the attributes of what the rich buyers see there could be for investment, luxury, exclusivity, lifestyle, a boastful address to differential etc..

Infact of late, the sales and transactions over there had tapered a lot too.