Which neighborhoods in Singapore are referenced for pricing and market comparison?

The neighborhoods referenced for pricing and market comparison in Singapore are typically Novena and Orchard. Orchard Road is well-known as a prime shopping district, housing numerous retail, dining, and entertainment options which significantly influence property values. The area attracts both local and international buyers, making it a pivotal point for market comparisons.

Novena, on the other hand, is a mixed-use area that has seen substantial development over the years, with a combination of residential and commercial properties. This neighborhood also has a reputation for being a healthcare hub due to the numerous medical facilities present, enhancing its appeal to buyers seeking a convenient lifestyle. The synergy between Novena and Orchard allows for effective comparisons as both areas reflect the broader high-end market trends in Singapore.

Other neighborhood options like Chinatown and Little India may be rich in cultural significance but do not serve as primary references for high-end market comparisons due to differing property valuing dynamics. Similarly, while Sentosa and Marina Bay are notable for their luxury waterfront living and tourism, they cater to a different market segment, focusing more on premium lifestyle rather than standard pricing metrics. Bugis and Tiong Bahru, while interesting neighborhoods with distinct characteristics, primarily represent mid-range housing and do not provide the same level of comparative analysis as Novena and