Can 30+ Year-Old Leasehold Condos Still Perform? The Arcadia’s Surprising Case Study

We analysed how The Arcadia stacks up against Bukit Timah condos — and what its ultra-large layout means for long-term value. Read the full case study.

By Ryan J. Ong

Published 5 June 2025, 9:32 PM SGT · 11 min read · 185

How Do Old Leasehold Condos Hold Up Against Newer Projects? Arcadia Case Study

In this Stacked Pro breakdown:

Can Ultra-Large Units Like Those at The Arcadia Still Perform in Today’s Market?

Comparison
We analysed The Arcadia — a rare condo made up entirely of 4-bedroom units over 3,700 sq ft — and tracked its performance from 2016 to 2024 against nearby Hillcrest Arcadia, Bukit Timah resale condos, and the wider CCR.

Key Insight
Despite its age and high quantum, The Arcadia delivered the strongest growth among 30+ year-old leasehold condos, with buyer demand for large units remaining surprisingly resilient in Bukit Timah.

Why This Matters
As most new launches shrink in size and grow in price, projects like The Arcadia show there’s still a niche — and strong performance — in going big, provided the location, layout, and buyer profile align.

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Frequently asked questions

Can old leasehold condos like The Arcadia still perform well in today’s property market?

Yes, The Arcadia, a 30+ year-old leasehold condo, delivered the strongest growth among similar older properties from 2016 to 2024, showing that large units in prime locations can still perform well.

Why do buyers still pay high prices for large, older condos like The Arcadia?

Buyers value the spaciousness, location, and proximity to schools like Raffles Girls’ School and National Junior College. The large unit sizes and niche appeal help maintain demand despite the age and lease decay.

How does The Arcadia compare to nearby older leasehold condos in terms of price and performance?

The Arcadia has seen a narrowing price gap with other older leasehold condos since 2016, and it outperforms many in annualized growth. Its large size and location justify its premium despite its age.

Is there still demand for large units in Bukit Timah area?

Yes, recent resale transactions show higher turnover rates for larger units, indicating healthy demand for spacious properties in Bukit Timah, supporting The Arcadia’s continued performance.

What is the rental yield like for The Arcadia’s units, and how does it compare to nearby condos?

The rental yield for The Arcadia’s 4-bedroom units is around 3.22% in 2024, which is competitive and only slightly lower than nearby Hillcrest Arcadia’s 3.72%, despite its high quantum.

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Ryan J. Ong

Partner at Stacked

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

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