In recent developments within the District 2 property market, a significant transaction has captured the attention of both investors and residents.
On March 18, 2025, a spacious apartment unit located in the prestigious International Plaza changed hands, marking an important sale in this vibrant sector of the real estate landscape. The 1,605 square foot unit was sold for $1.85 million, translating to a selling price of $1,153 per square foot. The selling price per square foot (psf) was humble in today’s condo psf prices.
The International Plaza is renowned for its blend of luxury living and convenient urban amenities, making it a highly sought-after location for both homeowners and investors alike. Situated in the heart of Singapore’s bustling business district, the property embodies the perfect synergy of residential comfort and accessibility. This recent sale underscores the ongoing demand for high-quality properties in District 2, which has consistently remained a focal point for those seeking an upscale lifestyle in proximity to the city centre.
The sold unit, with its generous 1,605 square feet of living space, offers a well-designed layout that maximizes both comfort and functionality. The apartment features spacious bedrooms, modern bathrooms, and an open-concept living area that seamlessly integrates with a contemporary kitchen. Large windows throughout the apartment allow for an abundance of natural light, creating a warm and inviting atmosphere that enhances the overall living experience.
Additionally, the International Plaza boasts a range of amenities that cater to the diverse needs of its residents. From a fully equipped fitness centre to recreational facilities and landscaped gardens, the property provides an environment that promotes a balanced lifestyle. The convenience of being located near essential services, shopping centres, and dining establishments further elevates its appeal, making it a prime choice for families, professionals, and expatriates.
Market Trends in District 2
The sale of the International Plaza apartment at $1,153 per square foot reflects current trends in the District 2 property market, where demand continues to outpace supply. As urban living becomes increasingly desirable, especially in a post-pandemic world where individuals are looking for homes that offer both space and accessibility, properties in prime locations are commanding higher prices.
Investors are particularly drawn to District 2 due to its strategic location. The area is home to numerous commercial enterprises, government offices, and cultural attractions, making it a bustling hub of activity. This vibrancy translates into a robust rental market, attracting tenants who are willing to pay a premium for the convenience that comes with living in such a central location. As a result, property values in the district have seen a steady appreciation, and the sale of the International Plaza apartment is a testament to this upward trend.
Looking ahead, the outlook for the District 2 property market remains positive. With ongoing urban development projects and infrastructural enhancements planned in the vicinity, the area is set to become even more attractive to both homebuyers and investors. As Singapore continues to position itself as a global financial hub, the demand for high-quality residential properties in prime locations like District 2 is expected to persist.
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