HDB median resale prices vs distance from CBD (Raffles Place). Estimates based on known spatial patterns.
Model
Monocentric
R² fit
0.879
Price drop / km
–$9.1k
Towns analysed
26
Regular townRegional centreMonocentric fitPolycentric fit
The monocentric model explains 88% of price variation. Prices fall roughly $9,100 per km from Raffles Place — a textbook Alonso-Muth-Mills gradient. Distance to the CBD alone is doing almost all the work.