D15 median prices jump 44% in 16 months; PSF stays flat
Landed housing and premium projects are driving dollar growth in Katong, but price-per-square-foot tells a quieter story.
Tue Jul 21 2026 · The Halo Journal
The headline and what it hides
The median transaction price in District 15 rose from $2.24 million in February 2025 to $3.20 million in April 2026, a 43% climb over 14 months. But the district's median price per square foot barely moved: $2,078 psf in February 2025 versus $2,428 psf in April 2026, a 17% gain. The gap between these two measures reveals what is actually happening in D15.
Median price jumped because the mix of what sold changed. Landed houses and large-unit condos traded hands in greater volume and at higher absolute prices. But buyers paying per square foot, the apples-to-apples metric, saw only modest appreciation.
Landed housing and three flagpole projects
Of 2,653 total sales over 16 months, 378 were landed properties at a median $2,367 psf and median price of $6,050,000 (derived from the top project: Landed Housing Development, 227 sales, median $2,605 sqft, $6.05 million). Condos account for 2,275 sales at $2,168 psf.
Three projects dominate the transaction record:
| Project | Sales | Median PSF | Median sqft | Median price |
|---|---|---|---|---|
| The Continuum | 201 | $2,843 | 1,238 | $3.49m |
| Grand Dunman | 168 | $2,517 | 1,475 | $3.71m |
| Meyer Blue | 86 | $3,132 | 1,518 | $4.56m |
Meyer Blue commands the highest psf at $3,132, 42% above the district median. Grand Dunman and The Continuum together account for 369 of 2,653 sales. Their median prices ($3.49m and $3.71m) well exceed the district median ($2.58m to $3.20m range), which means lower-priced projects are masking their weight.
Month-to-month: price noise, PSF signal
Monthly sales counts are stable (114 to 196 per month, average 153), with no dramatic seasonal pattern. But monthly median prices swing wildly: from $2.24m in February 2025 to $3.20m in April 2026, with a dip to $2.35m in December 2025. None of this swing correlates clearly with sales volume.
Monthly median psf is the steadier signal. It ranged between $1,959 psf in May 2025 and $2,428 psf in April 2026, a 24% range, but drift rather than breakout. The April 2026 peak may reflect an uptick in premium project settlement (The Continuum, Grand Dunman, Meyer Blue all report strong sales), but six months of data is insufficient to confirm a trend; the June 2026 figure (2,054 psf) suggests a pullback.
What a buyer should watch
If you are comparing D15 to other districts, use psf, not median price. The dollar growth is real but driven by mix: more families buying landed houses and larger units in trophy projects. A $1,200 sqft unit still costs around $2.3m median, unchanged in 17 months.
Meyer Blue ($3,132 psf) and the landed segment ($2,367 psf) are distinct markets, not one. The bulk of the market, Flamingo Valley, Arina East, lower-tranche Continuum, trades in the $1,858 to $2,242 psf range.
Volume is solid and consistent. But if you are sizing whether prices are appreciating in real terms, accounting for what you actually get per square foot, the answer is modest and uneven. Watch whether June's psf softness to $2,054 persists; if it does, the April spike was a settlement blip, not a market shift.
Sources: 2,653 recorded transactions (URA/REALIS). Medians blend projects and unit sizes.