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Comparison of Luxury Apartment Prices in Singapore, Which One Is Most Worth It?

As one of the global financial and business hubs, Singapore offers not only a modern lifestyle but also luxury properties that attract investors from around the world. Luxury apartments in Singapore are a prime choice for those seeking exclusive residences in strategic locations. 

However, with so many options available, the common question arises: "Which one is the most worth it?" This article will compare the prices of luxury apartments in Singapore and provide guidance to prospective buyers on determining which property offers the best value for their investment.

Factors Influencing the Prices of Luxury Apartments in Singapore

Before delving into price comparisons, it’s important to understand the factors that affect the price of luxury apartments in Singapore. Key factors include:

  • Location: Apartments located in the city center or exclusive areas like Orchard Road or Marina Bay tend to have higher prices.
  • Facilities: Apartments with premium amenities such as private swimming pools, gyms, spas, and concierge services are usually more expensive.
  • Design and Architecture: Apartments with modern designs and high-quality materials tend to command a higher price.
  • View: Units offering iconic views, such as the city skyline or waterfront, often come at a higher price.
  • Developer Reputation: Renowned developers with a strong track record in Singapore’s property market usually set higher prices for their projects.

Price Comparison Across Different Locations

Below is a comparison of the prices of some luxury apartments in popular areas of Singapore:

a. Marina Bay

Marina Bay is one of the most prestigious areas in Singapore. Apartments here offer stunning views of Marina Bay Sands, the waterfront, and the city’s skyscrapers. Some notable luxury apartments in this area include:

  • Marina One Residences

    • Price: Approximately SGD 3,500 to SGD 5,000 per square foot.
    • Advantages: Modern amenities such as a sky garden, a large swimming pool, a gym, and stunning views of Marina Bay.
    • Worth it or not? This apartment offers breathtaking views with a strategic location, making it ideal for those who seek the convenience of living in the heart of the city.

  • The Sail @ Marina Bay

    • Price: Approximately SGD 2,800 to SGD 4,000 per square foot.
    • Advantages: Close to the business district and shopping centers, with spectacular views of the marina and city skyline.
    • Worth it or not? With a lower price compared to Marina One, The Sail is an attractive option for those who want to live in Marina Bay on a more affordable budget.

b. Orchard Road

Orchard Road is renowned as Singapore’s upscale shopping district. Apartments around Orchard are generally highly sought after by expatriates and foreign investors due to their prime location.

  • The Ritz-Carlton Residences

    • Price: Approximately SGD 4,500 to SGD 6,000 per square foot.
    • Advantages: Luxurious amenities such as 24-hour butler service, a swimming pool, spa, and gym. This apartment also offers top-notch privacy and security.
    • Worth it or not? The high price matches the luxury and services offered. It is ideal for those who desire a super-premium residence in a prime location.

  • TwentyOne Angullia Park

    • Price: Approximately SGD 3,800 to SGD 5,500 per square foot.
    • Advantages: Modern design with a location very close to Orchard Road. It offers luxurious amenities and city views.
    • Worth it or not? This apartment offers a combination of location and luxury at a lower price than The Ritz-Carlton, making it a more economical choice for high-end investors.

c. Sentosa Cove

Sentosa Cove is an exclusive beachfront area that is home to many luxury apartments and villas. This area is popular among foreign buyers looking for properties with a resort atmosphere.

  • Seafront on Sentosa

    • Price: Approximately SGD 2,000 to SGD 3,500 per square foot.
    • Advantages: This apartment offers breathtaking sea views along with facilities like a private marina, swimming pool, and direct beach access.
    • Worth it or not? With lower prices compared to the city area, Sentosa Cove is the perfect choice for those who want a luxurious home with a year-round resort atmosphere.

  • Cape Royale

    • Price: Approximately SGD 2,500 to SGD 4,000 per square foot.
    • Advantages: This apartment offers large units with stunning sea views and luxury amenities such as a clubhouse, swimming pool, and gym.
    • Worth it or not? Cape Royale provides larger units and exclusive views at a more affordable price compared to apartments in Marina Bay or Orchard, making it a highly attractive option.

Price Comparison and Investment Value

When considering which apartment is the most worth it, price per square foot is not the only factor to consider. Long-term investment value and potential price appreciation are also important. Some areas in Singapore, like Marina Bay and Orchard, tend to have more stable price appreciation due to consistently high demand in these areas.

However, Sentosa Cove, though more affordable, has higher price fluctuations as it depends on foreign market interest. For those seeking long-term residence with good investment potential, areas like Marina Bay and Orchard may be more suitable. Meanwhile, those who prefer a resort-like lifestyle and are not overly concerned with price fluctuations may find Sentosa Cove to be a more appealing option.

Which One Is Most Worth It?

The luxury apartment that is most worth it depends largely on the buyer's needs and goals. If you're looking for an apartment with long-term investment potential and located in the heart of business and entertainment districts, Marina Bay and Orchard Road are the right choices. However, if you prioritize a tranquil atmosphere and ocean views, Sentosa Cove offers attractive options at more affordable prices.

When choosing a luxury apartment in Singapore, it’s essential to consider more than just the price. Facilities, location, design, and potential price appreciation should all be part of the decision-making process. This way, you can find an apartment that not only fits your lifestyle but is also worth the investment.